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

by Mike Robinson

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© Reuters. FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid//File Photo

(Reuters) – 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 country’s economic growth and financial stability stemming from the crisis with Russia.

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

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