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Fitch failed to please Ukraine rating review

Fitch не смогло порадовать Украину пересмотром рейтинга

The international Agency Fitch made no changes to the sovereign rating of Ukraine. He stopped on a mark to “CCC” due to “the lack of progress in the reform programme needed to unlock financial support”, says the message of the organization.

At the same level were confirmed the ratings of unsecured debt by issuing bonds in foreign and national currency, as well as the country ceiling.

On Friday, Vice-President of the USA Joseph Biden said that America still plans to transfer to Ukraine the third tranche of credit guarantees in the amount of $1 billion As reported on the official website of President Petro Poroshenko, Biden assured that the bilateral agreement will be signed in the near future.

In October last year, Fitch downgraded the rating of Ukraine in foreign currency to “restricted default” (RD). This meant that the Issuer was admitted and not removed defaulted on payments on the bonds, the loan and other essential financial obligations. However, at the same time against him was not initiated bankruptcy proceedings, the temporary administrator is not appointed and not initiated bankruptcy proceedings, liquidation proceedings or other formal procedure of termination of activities.

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