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Moody's downgrades Ukraine's ratings.

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Rating agency Moody's lowered Ukraine's long-term credit rating from Caa2 to Caa3 due to the risks of a protracted war with Russia and an increasing public debt burden over international financial support.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Votkinsk Plant is a strategic, state-owned defense enterprise and one of the most important missile factories in Russia. It produces Iskander ballistic missiles — used in attacks against Ukraine — and nuclear-armed intercontinental ballistic missiles.

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