Fitch confirms Ukraine's 'B' rating, negative outlook

Fitch Ratings said yesterday in a statement that it affirmed Ukraine’s long-term foreign and local currency issuer default ratings at ‘B’ with negative outlooks. It also confirmed the country’s short-term foreign currency IDR and country ceiling at ‘B’. Fitch noted in its review that Ukraine’s IMF program is at risk of interruption, which would undermine confidence in the currency and banking system and in turn add pressure for a rating downgrade.