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Fitch Changes Ukraine's Outlook To Stable.

Fitch Changes Ukraine's Outlook To Stable.

13 January 2008

Fitch Ratings has revised its outlook on Ukraine’s BB- (BB minus) foreign and local currency rating from Positive to Stable. The agency also affirmed Ukraine’s BB- long-term and B short-term ratings. According to Fitch’s statement, the main reason for the revision was the sacking of the Cabinet by the Rada on January 10. Concorde Capital: In contrast to Fitch, yesterday Standard & Poor did not feel the upheaval in the government was reason to change their rating. S&P maintained their sovereign rating at BB- and local currency rating at BB.

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