Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable.
This is stated in the agency’s press release.
The issue ratings on long-term senior-unsecured foreign-currency bonds affirmed at ‘B-‘, while the issue ratings on short-term senior-unsecured local-currency bonds affirmed at ‘B’.
The Country Ceiling affirmed at ‘B-‘. Short-term foreign-currency IDR and Short-term local-currency IDR affirmed at ‘B’.
“Ukraine’s ratings balance weak external liquidity, a high public debt burden and structural weaknesses, in terms of a weak banking sector, institutional constraints and geopolitical and political risks, against improved policy credibility and consistency, the sovereign’s near-term manageable debt repayment profile and a track record of bilateral and multilateral support,” reads the report.
