MOSCOW, June 29 (RIA Novosti) - Fitch Ratings has affirmed Ukraine’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’ and revised the outlooks on the ratings to negative from stable, the ratings agency reported Friday.
Fitch also affirmed the short-term IDR at ‘B’ and the country ceiling at ‘B’.
The outlook’s revision “reflects an increasingly fragile external financing position, the likelihood that international reserves will decline further as Ukraine faces a heavy external debt repayment schedule through 2014, and greater challenges in borrowing on international capital markets,” the agency said.
© SputnikEuropean countries' credit ratings
European countries' credit ratings
© Sputnik