S&P upgraded Ukraine’s sovereign debt

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S&P Global upgraded Ukraine’s sovereign debt on Friday to B from B-, following a similar upgrade three weeks earlier by Fitch. 

“The country’s economy is recovering and the debt-to-GDP ratio is declining,” wrote Standard & Poor’s. “The agency notes that Ukraine should maintain access to domestic and international capital markets, which will allow the country to repay its commercial borrowings through 2020.”

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