Home
/
News
/

Fitch downgrades outlook on Ukraine from positive to stable

Fitch downgrades outlook on Ukraine from positive to stable

20 October 2011

Fitch Ratings downgraded its outlook on Ukraine from positive to stable yesterday, according a statement released by the agency. Ukraine’s long-term issuer default rating was affirmed at B. Fitch said the change in outlook follows an increase in sovereign borrowing costs, concerns about external financing and the impact of a forecast slowdown in global growth. The agency previously noted that Ukraine’s combination of exposure to the cyclical steel industry, pegged exchange rate and domestic policy risks make it more vulnerable than most emerging markets to deterioration in external conditions. Fitch said further downward pressure on Ukraine’s rating is possible from renewed pressure on the currency and a shortfall in external financing.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...