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Fitch Affirms Ukraine at Rating 'B-' With Stable Outlook

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Fitch Ratings - Sputnik International
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The Fitch ratings agency said in a statement it has assessed Ukraine as having a B- Issuer Default Ratings for its long-term foreign and local currency with a stable outlook.

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WASHINGTON (Sputnik) — Fitch concluded that issue ratings on Ukraine's senior unsecured foreign- and local-currency bonds have also been assessed at 'B-'.

"Fitch Ratings has affirmed Ukraine's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B-' with a stable outlook," the statement said on Friday.

The report noted that Ukraine's 2016 GDP growth at a 2.3 percent rate exceeded expectations, but a trade blockade is negatively affecting the mining, metallurgical and electricity sectors.

The Ukraine government's deficit is anticipated to grow to 3 percent of GDP in 2017, the statement added.

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