The prospect of a financial crisis in Ukraine has increased, despite an emerging solution to the political crisis in one of the EU’s biggest neighbours.
The US-based ratings agency, S&P, cut Ukraine’s debt rating to CCC+ on Tuesday (28 January), putting it on a par with Argentina, and added that it may slip further in future.
“We now assess Ukraine … as exhibiting characteristics of a ‘distressed civil society with weakened political institutions,’ diminishing the government’s c...
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