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Fitch affirms Kiev city junk ratings, citing refinancing risk
Journal Staff Report

KIEV, March 23 - Fitch Ratings has affirmed the city of Kiev's Long-term foreign and local currency Issuer Default Ratings at 'CC' and its National Long-term rating at 'BB(ukr).'

"The agency has also affirmed the city's Short-term foreign currency IDR at 'C'. The outlook on the National Long-term rating is Negative. Kiev's outstanding senior unsecured eurobonds have been affirmed at 'CC', while its domestic bonds have been affirmed at 'CC' and 'BB(ukr)'," according to the document.




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