|JP Morgan downgrades Ukraine’s eurobonsd to Marketweight|
Journal Staff Report
J.P. Morgan downgraded its recommendation on Ukraine's eurobonds back to Marketweight (MW) from Overweight (OW), according to the forecast and strategy for emerging markets released recently. At the same time, J.P. Morgan still recommends long positions on Ukraine's VRIs. Among the risks, the document indicates the aggravation of the situation with COVID-19 and the presidential elections in the United States.