12:31 - 5.03.2022

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March 5, Fineko/abc.az. International credit rating agency Moody's has downgraded Ukraine's credit rating from B3 to Caa2.

ABC.AZ reports that according to agency's statement, the country's credit rating was lowered from B3 to Caa2, and the credit rating was considered for further reduction.

The statement says that Russia's attack on Ukraine will damage Ukraine's solvency, as well as have a serious impact on Ukraine's economic and financial strength, since the war will damage Ukraine's production capacity.