Tuesday, March 21

S&P lowers Ukraine’s long-term ratings to ‘B-‘

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Rating agency S&P said on Friday it lowered Ukraine’s long-term foreign and local currency sovereign credit ratings to ‘B-‘ from ‘B’, citing risks to the country’s economic growth and financial stability stemming from the crisis with Russia.

S&P said https://bit.ly/3ImYMZO it could lower the ratings further should the uncertainty posed by the conflict lead to a drain on Ukraine’s external liquidity.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Sandra Maler)