Fitch has confirmed the rating of Ukraine

Агентство Fitch подтвердило рейтинг Украины

Fitch affirms Ukraine

The rating was affirmed with a stable Outlook.

Rating of Ukraine was confirmed by the international rating Agency Fitch of “B-” with a stable Outlook. This was reported on the Agency’s website.

So, it is noted that confirmed the long-term sovereign Issuer default rating of Ukraine in foreign and national currency at level “B-” with a stable Outlook.

“Ukraine’s rating reflects the limited possibility of borrowings on foreign markets, a large public debt and sluggish structural reforms, and the underdeveloped banking sector and political risks”, – said in a release.

In accordance with the scale of Fitch, the ratings group “In” means presence of certain credit risks with a limited margin of safety.

As reported, the international rating Agency Fitch has lowered its growth forecast for Ukrainian GDP in 2017, from 2.5 percent to 2 percent.