KIEV, July 2 – Fitch Ratings has affirmed the rating of the class B notes of Ukraine Mortgage Loan Finance No.1 plc., the rating agency said.

The rating of the Class B notes was affirmed at 'Bsf' with the outlook revised to stable from positive.

According to Fitch, the affirmation reflects the substantial level of credit enhancement (CE) available to the class B notes. Fitch notes that the outlook was revised to stable from positive in line with the outlook for Ukraine's long-term issuer default rating.