Fitch Ratings has upgraded Ukraine's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to 'B-' from 'CCC', Fitch has said in a press release.
The Outlook is Stable.
The issue ratings on Ukraine's long-term senior unsecured foreign- and local-currency bonds are also upgraded to 'B-' from 'CCC', and the sovereign's short-term senior unsecured foreign- and local-currency bonds are upgraded to 'B' from 'C'.
The Country Ceiling has been upgraded to 'B-' from 'CCC' and the Short-Term Foreign- and Local-Currency IDRs to 'B' from 'C'.
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