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Fitch Lifts Risk Rating for Ukraine Capital Kiev to ‘B-’ With 'Stable' Outlook

Sputnik International

Long-term reting of Ukrainian capital Kiev was upgraded from previous mark of "CC" to "B-“ by Fitch firm, according to press release. 18.11.2016, Sputnik International

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Fitch Lifts Risk Rating for Ukraine Capital Kiev to ‘B-’ With 'Stable' Outlook

17:23 GMT 18.11.2016 (Updated: 17:31 GMT 18.11.2016)

Long-term reting of Ukrainian capital Kiev was upgraded from previous mark of "CC" to "B-“ by Fitch firm, according to press release.

WASHINGTON (Sputnik) — Ratings firm Fitch raised on Wednesday its long-term view on Kiev, giving the Ukrainian capital a financial-risk rating of "B-“ compared with a previous mark of "CC," with a "stable" outlook, according to a press release.

"Our upgrade of the city's ratings also follows recent upgrade of Ukraine's sovereign ratings to 'B-', allowing us to reassess the city's credit profile at the same level of the sovereign ratings," Fitch said in the release.