You're reading: S&P lowers Ukraine long-term rating to ‘B’;outlook negative

TEXT - We also lowered the long-term Ukraine national scale rating to 'uaA-' from 'uaA+'. The transfer and convertibility (T&C) assessment was revised down to 'B'. The recovery rating on the unsecured foreign currency debt was affirmed at '4,' indicating our expectation of 30%-50% recovery in the event of a default.

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