S&P cuts Ukraine’s ratings on bigger fallout from Russia invasion By Reuters


© Reuters. People walk past a residential building heavily damaged during Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine May 20, 2022. REUTERS/Alexander Ermochenko/Files

(Reuters) – Global ratings agency S&P on Friday cut Ukraine’s sovereign rating to ‘CCC+/C’ from ‘B-/B’, citing a larger fallout from Russia’s military attack on the country.

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