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The cabinet overhaul prompted Morgan Stanley to cut Ukraine’s hard-currency debt to ‘dislike’

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The cabinet overhaul prompted Morgan Stanley to cut Ukraine’s hard-currency debt to ‘dislike’, strategists Alina Slyusarchuk and Simon Waever wrote Thursday morning in an emailed report, ubn.news reports.

By the end of the day, Ukraine’s dollar-denominated sovereign bonds had suffered a second day of sharp declines. The 2032 bond fell 3.76 cents in the dollar to 105.51 cents, according to Refinitiv.

Both the 2027 and 2028 issues lost more than two cents as well. Many bonds traded at multi-month lows.

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