Listen Live
    Fitch Ratings

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

    © Sputnik /
    Business
    Get short URL
    435
    Subscribe

    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.

    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.

    Related:

    Economic Blockade of Donbass to Cost Ukraine 1% of GDP - Ukrainian Prime Minster
    Ukraine's Economy Poses Increased Risk to Investors - Kremlin
    Kiev's Sanctions Against Russian Banks to Backfire on Ukrainian Economy
    Tags:
    economic outlook, rating, Fitch, Ukraine
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik