Washington (awp/afp) – The rating agency Fitch downgraded Ukraine’s long-term debt rating by one notch on Friday, without giving an outlook, citing a risk of non-repayment of the debt after the Russian invasion.
“Russia’s military invasion has resulted in heightened risks to Ukraine’s external and public finances, financial stability and political stability,” Fitch said in a statement, also referring to “uncertainty as to the extent Russia’s ultimate goals, the duration, extent and intensity of the conflict, and its consequences”.
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