Fitch affirms Ukraine’s rating at ‘B-’, outlook stable

Fitch affirms Ukraine’s rating at ‘B-’, outlook stable

Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-'. The Outlook is Stable. 

This is stated in the agency’s press release.

The issue ratings on long-term senior-unsecured foreign-currency bonds affirmed at 'B-', while the issue ratings on short-term senior-unsecured local-currency bonds affirmed at 'B'.

The Country Ceiling affirmed at 'B-'. Short-term foreign-currency IDR and Short-term local-currency IDR affirmed at 'B'.

“Ukraine's ratings balance weak external liquidity, a high public debt burden and structural weaknesses, in terms of a weak banking sector, institutional constraints and geopolitical and political risks, against improved policy credibility and consistency, the sovereign's near-term manageable debt repayment profile and a track record of bilateral and multilateral support,” reads the report.


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