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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

Russia avoids default on the dollar-denominated bonds that were due in April by sending dollars to foreign investors just before the grace period expired.
2022-05-3

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 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

Moody's and Standard and Poor's lower their rating for Barclays from stable to negative in the wake of the Libor scandal.
2012-07-5

The Australian dollar reaches a post-float record against the United States dollar based on higher than expected consumer price index figures and concerns over a US default.
2011-07-27

The People's Republic of China's only ratings house that grades sovereign entities, the Dagong Global Credit Rating Company, states that the United States is already defaulting on its debt by allowing the U.S. dollar to devalue against other currencies, diminishing the wealth of China as a U.S. creditor.
2011-06-10

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