At war since 2022, Ukraine’s credit rating just improved. S&P lifted Kyiv from “selective default” to CCC+ after a $2.6 billion swap that pushes big payments to 2029. Irony of wartime finance: you don’t “win” — you buy time, and the bill comes later. https://
euromaidanpress.com/2026/01/26/ukr
aine-credit-rating-sp-upgrade-2026/
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