KIEV, Oct. 9 – Fitch Ratings has downgraded the city of Kiev's Long-term local currency Issuer Default Rating (IDR) to 'Restricted Default' (RD) from 'C' and its National Long-term rating to 'RD(ukr)' from 'CCC(ukr)'.

The downgrade of Kiev's Long-term local currency IDR follows the maturity extension of the city's domestic bonds (series G and H), totaling UAH 4.29 billion, by 12 months each, from the original maturities of October 1 and December 7, 2015, respectively, the rating agency said in a press release.