KIEV, May 16 - Fitch Ratings has affirmed Ukraine's Long-Term Foreign and Local Currency Issuer Default Ratings at 'CCC.'
"The issue ratings on Ukraine's senior unsecured foreign and local currency bonds have also been affirmed at 'CCC'. The Country Ceiling has been affirmed at 'CCC' and the Short-term foreign-currency IDR at 'C'," according to the agency.
The affirmation of the ratings reflects a lack of progress on the reform program needed to unlock donor support, which has been exacerbated by political wrangling.
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