Ukraine War Update: Fitch cuts Dutch telecom Veon to junk status due to Russia exposure

Mar. 14, 2022 3:49 PM ETCrude Oil Futures (CL1:COM)MCD, C, VEON, MT, DB, EIGRBy: Kim Khan, SA News Editor97 Comments

Ukrainian flag in Kyiv battered by the elements

Joel Carillet/iStock via Getty Images

  • Update: 3:49 p.m. ET: Fitch has dropped its rating on Dutch-based telecom Veon (NASDAQ:VEON) down to junk status due to the company’s heavy exposure to Russia and Ukraine. Standard & Poor’s also cut Veon’s rating

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