Fitch downgrades Ukraine debt over crisis, Moody’s issues warning
WASHINGTON: Fitch on Friday cut the rating on Ukraine’s government debt to ‘CCC’ from ‘B’; following the Russian invasion of the country, which it said creates a “severe negative shock.” “The military invasion by Russia has resulted in heightened risks to Ukraine’s external and public finances, macro-financial stability and political stability,” Fitch said, noting the … Read more