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Fitch cuts Ukraine credit rating deeper in junk
(MENAFN- AFP) Fitch downgraded Ukraine's credit rating a notch deeper in junk territory on Friday, saying the conflict-hit country appeared likely to default.
The rating firm lowered Ukraine to "CC" from "CCC", saying that the new International Monetary Fund aid program announced Thursday would be inadequate to meet its financing needs and private debt restructuring looked "increasingly probable."
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