Fitch Revises Ukraine's Rating Outlook to Positive
26 October 2008
The outlook on Ukraine’s foreign and local issuer default rating was revised from stable to positive yesterday. Fitch also affirmed Ukraine’s long-term BB- credit rating. Oleksandr Klymchuk: With UST 10-year bond trading flat, the news moved yields of Ukrainian USD-denominated sovereign bonds down 10-15 bps. We also see potential for a more than two notch upgrade in the midterm and welcome the outlook change as it promises to move Ukraine closer to a fair rating.
