Moody’s downgraded Ukraine’s rating from “Caa3” to “Ca” with a stable outlook

0
17

International rating agency Moody’s stated on the downgrade of Ukraine’s rating from “Caa3” to “Ca” with a stable outlook.

“Moody’s today downgraded its long-term foreign and local currency issuer rating and senior unsecured foreign currency rating to ‘Ca’ from ‘Caa3’ and changed the outlook to stable from negative,” the agency said in a statement.

The downgrade was influenced by the conflict in the country. The stable outlook, in turn, reflects the balance of risks inherent in the ‘Ca’ rating.

.

Be the first to read breaking news on OopsTop.com. Today’s latest news, and live news updates, read the most reliable English news website Oopstop.com