Moody’s rating agency downgraded Ukraine’s credit rating to “Ca” with a stable outlook. This is stated in a post at: area agencies.
Moody’s has downgraded its long-term foreign and local currency rating and its senior unsecured foreign currency rating from ‘Caa3’ to ‘Ca’.
The agency also downgraded the rating from negative to stable. The downgrade is due to the impact of the conflict that has arisen in the country.
Previously Moody’s estimated Economic recession in Mexico in the near future.
Recession risks are associated with negative trends in the global economy and the unstable situation in domestic markets. The Mexican economy has been under pressure from a series of adverse events, including high commodity prices, which has faced weakening domestic demand.