Ukraine's economic stability is uncertain as the conflict with Russia endures. Alongside the negative impacts to growth, exports, and investment, the level of Ukraine's debts are especially worrisome. Last month, the rating agency Standard & Poor's placed Ukraine's debts at "CC", one level above "C"—the grade that is typically used to indicate the process of bankruptcy. S&P wrote that there was "a virtual certainty of a restructuring or exchange offer in the near term
", making it relevant who those creditors are. As the Ukraine edges closer to repayment while speaking with its creditors, the country's Parliament passed a law to halt payments on some debt.