Fitch revises Ukraine’s outlook to stable

Fitch Ratings revised the outlook on Ukraine’s ratings from positive to stable, the agency announced yesterday. Fitch affirmed Ukraine’s ratings for national and foreign currency long-term liabilities at BB- and short-term issuer default at B. Fitch also changed the outlooks on nine Ukrainian banks’ ratings in line with the sovereign revision: Swedbank, Bank Forum, ProCredit Bank, VTB Bank, UkrSibbank, Ukrsotsbank, Oschadbank, Ukreximbank, Privatbank. All ratings on the banks were affirmed.