KIEV, Nov. 21 – Fitch Ratings on November 18 upgraded the City of Kiev's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to 'B-' from 'CC', Fitch said in a statement.

The agency also upgraded the city's National Long-Term rating to 'BBB(ukr)' from 'BB+(ukr)'.

Outlooks on the Long-Term IDRs and the National Long-Term rating are stable, the statement said.

Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews (including local and regional governments) is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this in order to comply with their legal obligations.