S&P Global Ratings

Global government borrowing will increase by 3% to $12. 3 trillion due to rising defense spending and high interest rates. Total debt will reach $76.9 trillion, which will account for 70.2% of global GDP.

S&P has downgraded Ukraine's credit rating due to the non-payment of a coupon on its Eurobonds. This decision followed a similar move by Fitch, which had earlier downgraded Ukraine's rating to a level close to default.