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Fitch Maintains Ukraine's Credit Rating Amid War | Markets & Money News
Fitch Ratings has maintained Ukraine's Long-Term Foreign-Currency Issuer Default Rating at 'CCC', balancing the nation's economic struggles from ongoing conflict with substantial international aid. Despite a projected budget deficit of 18% of GDP and defense spending consuming 70% of the budget, external support is crucial. However, a $27 billion financing gap looms, exacerbating expected contractions in GDP due to infrastructural damage and export restrictions. The country's economic future
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