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 Fitch Affirms Ukraine at 'B-' with stable outlook

Fitch International ratings agency has affirmed Ukraine's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B-'.

Censor.NET reports citing Fitch Ratings.

"The issue ratings on Ukraine's senior unsecured foreign- and local-currency bonds have also been affirmed at 'B-' and the sovereign's short-term senior unsecured local currency bonds at 'B'. The Country Ceiling has been affirmed at 'B-' and the Short-Term Foreign-Currency and Local-Currency IDRs at 'B'," the report reads.

Read more: PM Hroisman says EY should underpin putting Ukraine on top of corruption list

Ukraine's 2016 GDP growth of 2.3% surpassed expectations, but the Donbas blockade will negatively impact the mining, metallurgical and electricity sectors. The company forecast growth to decelerate to 2% in 2017 before picking up to 3% in 2018 on the back of improving consumer demand and investment.

 
 
 
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