The Fitch Rating Service announced yesterday that it had given a BB- rating to Ukraine’s upcoming 10-year, USD 1 bln Eurobond issue with a positive outlook, in line with Ukraine’s foreign currency Issuer Default rating. S&P also assigned their BB- rating, but with a stable outlook. According to Fitch Ukraine’s performance in 2006 has been strong despite a rise in gas prices and political risks have diminished following the arrival of the new government. Andrew Colquhoun, Director of Fitch’s Sovereigns Group said that Ukraine’s ratings could improve further if economic growth continues and the political situation remains stable. The Finance Ministry will be conducting a road-show of its Eurobonds starting today in Los Angeles, then heads to New York November 13 and London November 14. Credit Suisse, Deutsche Bank and UBS are serving as the issue managers.