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Fitch: Political crisis could weaken Ukraine's credit rating
Journal Staff Report

KIEV, Feb. 25 - The implications for Ukraine's sovereign credit profile of the political crisis which saw two parties leave the governing coalition will depend on whether IMF disbursements are further delayed and official lenders' willingness to support Ukraine is weakened, Fitch Ratings said.

"International support from the IMF and other multilateral and bilateral lenders is an important support for Ukraine's sovereign rating, which we raised to 'CCC' from 'RD' last November after the country completed its private-sector debt restructuring. The official sector provided most fiscal financing in 2015 and will do so again this year. Official financing has boosted reserves, although these remain low," Fitch said.




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