Fitch confirms Ukrgazbank at 'CCC', recalls ratings

Fitch Ratings said yesterday that it affirmed Ukrgazbank’s long-term foreign issuer default rating at ‘CCC’ with a negative outlook, short-term IDR of ‘C’, individual rating of ‘E’ and national long-term rating of ‘BB(ukr)’ – all with negative outlooks; and then withdrew the ratings on the issuer. Ukrgazbank said that it intended to end cooperation with Moody’s and Fitch on March 13.