Ukraine Debt Rating Cut by Moody’s Amid Russia Dispute
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Ukraine’s credit rating was cut by Moody’s Investors Service, which said escalating political tensions and the withdrawal of Russian financial support are weakening the country’s fiscal strength.
Moody’s lowered the rating one level to Caa3, two steps above default, with a negative outlook. The cut takes into account an agreement with the International Monetary Fund to provide “near term liquidity relief,” according to a report published today.