Chinese agency lowers Ukraine sovereign debt rating in Russian invasion aftermath

Source: China – South China Morning PostA major Chinese rating agency has joined the world’s three dominant credit assessors in cutting Ukraine’s creditworthiness after Russia’s invasion, as the conflict between the two countries dramatically increased the cost of their sovereign loans.Rating agency China Chengxin International announced on Friday that it had lowered Ukraine’s sovereign rating two notches to the non-investable, or junk, grade of CCCg, saying the country could fall into deep recession this year in the aftermath of…Read More

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