Fitch changes Ukraine’s sovereign outlook to stable

Fitch Ratings said yesterday in a press release that it revised Ukraine’s sovereign rating outlook from negative to stable. Fitch simultaneously affirmed Ukraine’s long-term foreign and local currency issuer default rating at ‘B-‘ and short-term foreign currency IDR at ‘B’. Fitch’s sovereign group director said the passing of elections and formation of a government lessened risks of prolonged post-election uncertainty and intensification of macroeconomic and financial instability.