Fitch affirms Ukraine's foreign currency IDR at 'CC'

09:28, 10.08.2015 1 min read

Fitch Ratings has affirmed Ukraine's Long-term foreign currency Issuer Default Rating (IDR) at 'CC' and local currency IDR at 'CCC', the agency said in its press release.

The issue ratings on Ukraine's senior unsecured foreign and local currency bonds have also been affirmed at 'CC' and 'CCC', respectively.

The Country Ceiling has been affirmed at 'CCC' and the Short-term foreign currency IDR at 'C'.

As reported, in February, Fitch downgraded Ukraine's Long-term foreign currency Issuer Default Rating (IDR) to 'CC' from 'CCC'.