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Fitch affirms Ukraine's long-term default rating at ‘B-‘, stable outlook
Journal Staff Report

KYIV, Oct 29 - Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook.

Fitch said that Ukraine's ratings balance weak external liquidity, high external financing needs driven by sovereign external debt repayments and structural weaknesses, in terms of a weak banking sector, institutional constraints and geopolitical and political risks, against improved policy credibility and consistency, improving macroeconomic stability, declining government debt and a track record of bilateral and multilateral support.




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