Fitch Hoping For The Quick Formation Of Ukraine's New Government.

Fitch is not ruling out the possibility of raising the outlook on Ukraine’s rating after formation of new government. According to the agency, the potential for economic growth in Ukraine and the relatively low level of government debt means there is a possibility the company may raise the country’s rating. However, Fitch would first like to make sure that the economy can withstand the “gas shock” and that the new government will be formed. Fitch revised its outlooks on Ukraine’s BB- (BB minus) foreign- and local-currency rating from Positive to Stable in January after Russia raised its gas price for Ukraine to USD 95 per 1,000 cubic meters.