Ukraine credit rating cut by S&P amid currency instability

Note: This section contains information in English only.
Source: Bloomberg
Sovereign credit rating of Ukraine, the largest country in the Eastern Europe, was cut by S&P rating agency to B- level from the previous B level. It is said that such a decision was made, based on the negative outlook for country's national currency, which can be devalued due to lack of reserves of foreign currency. Now, the new Ukrainian rating is similar to the one of Greece and Belize.
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