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S&P cuts Ukraine’s ratings on bigger fallout from Russia invasion -Breaking

by Mike Robinson

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© Reuters. A group of people walk by a heavily damaged residential building during the conflict between Ukraine and Russia in Mariupol (Ukraine), May 20, 2022. REUTERS/Alexander Ermochenko/Files

(Reuters) – Global ratings agency S&P on Friday cut Ukraine’s sovereign rating to ‘CCC+/C’ from ‘B-/B’, citing a larger fallout from Russia’s military attack on the country.

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