Fitch changes Naftogaz to rating watch positive
22 October 2009
Fitch Ratings announced yesterday that it revised Naftogaz of Ukraine’s long-term foreign and local currency issuer default ratings of ‘RD’ from rating watch evolving to rating watch positive. The move follows Naftogaz’ bondholders voting in favor of swapping their USD 500 mln Eurobonds for new ones maturing in 2014 with a 9.5% coupon.
