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International Monetary Fund managing director Kristalina Georgieva confirms that Zambia, the first African nation to default following the COVID-19 pandemic, has agreed to a debt agreement with foreign creditors concerning US$6.3 billion of its debt.
2023-10-12

Moody's announces that it will declare Russia in default on May 4, at the end of the grace period, if Russia services the foreign dollar-denominated bonds that it paid on April 4 in rubles rather than in US dollars, as mandated by the terms of the obligations.
2022-04-15

S&P Global Ratings lowers its rating of Russian foreign obligations to "SD" (selective default) since the Russian government decided to use rubles to pay off its bondholders instead of using U.S. dollars as stipulated. However, S&P expects that Russia will still meet its other payment obligations.
2022-04-9

Fitch Ratings downgrades Zambia's government debt to RD (restricted default) after the country failed to pay a Eurobond coupon on Friday.
2020-11-18

Puerto Rico Governor Alejandro García Padilla says the Commonwealth will default on a $422 million bond payment due Monday. García Padilla says debt payments have been suspended in order to pay for essential services for the 3.5 million American citizens. Congress has been unable to pass a debt restructuring bill for Puerto Rico.
2016-05-1

Puerto Rico fails to make a scheduled payment of US$58 million to service its debts of $72 billion. Moody's considers the commonwealth in default.
2015-08-3

The President of the United States Barack Obama reportedly walks out of negotiations with Republican Party leaders on tackling debt and deficits as Moody's Investor Services warns of a potential loss of a AAA credit rating.
2011-07-13

Ireland's debt rating is reduced to "junk" status by Moody's.
2011-07-12

The European Commission denounces international credit ratings agencies as "questionable" after Portugal is downgraded by Moody's, while Greece's foreign minister Stavros Lambrinidis calls their behaviour "madness".
2011-07-6

Credit rating agency Moody's downgrades Ireland's rating to Baa3, one step above junk bond status.
2011-04-15