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S&P downgrades Ukraine rating on political turmoil

Published on Jan 29, 2014 1:56 AM

PARIS (AFP) - Ratings agency Standard and Poor's on Tuesday downgraded Ukraine's rating by one notch, citing political instability in the protest-wracked country.

"Political instability in Ukraine has grown considerably," the ratings agency said, as it downgraded the sovereign rating from B- to CCC+.