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Fitch cuts Belarus
Fitch Ratings said it downgraded Belarus' long-term foreign-currency issuer default rating to RD, or Restricted Default, from C and Belarus’ 2027 bond to D from C.
The 14-day grace period for the 2027 bond payment expired on July 13.
The agency said it usually doesn’t provide an outlook for sovereigns with a CCC+ or below rating.
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