KYIV, May 6 – Fitch Ratings has placed Ukrzaliznytsia's Long-Term Issuer Default Rating (IDR) on Rating Watch Negative (RWN), Fitch said on its website.

"The rating action follows the revision of the outlook on Ukraine's IDRs and reflects our view of the company's tightened immediate liquidity position not fully offsetting debt servicing in 2020, underpinned by the negative impact of the coronavirus pandemic on the nation's economy," it said.