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17 Mar
00:00

Moody's warns of corporate defaults in Ukraine

Key Ukrainian mining and steel groups already face tight liquidity, a challenging operational environment and weak capital markets access, and are among those likely to be further stressed after the National Bank of Ukraine tightened its foreign currency controls on 4 March, says Moody's Investors Service. The ratings agency warns of more corporate defaults across all industries, if the country's macro-economic environment does not improve. "Condi…
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