Ukraine Credit Rating Cut by Moody’s on ‘Likely’ Restructuring
- Agency assigns Ukraine the second-lowest credit score at Ca
- Fitch, S&P lifted war-torn nation from default in August
A Ukrainian serviceman of the State Border Guard Service works in a position in Bakhmut on Feb. 9.
Photographer: Yasuyoshi Chiba/AFP/Getty ImagesThis article is for subscribers only.
Moody’s Investors Service cut Ukraine’s credit rating to the second-lowest score, citing “long-lasting challenges” to its economy and public finances from the war with Russia.
The agency now rates Ukraine one notch lower at Ca, on par with Argentina. Moody’s also changed the outlook to stable from negative, according to a statement Friday.