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Fitch revises Ukraine outlook to stable, affirms rating
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Fitch Ratings has revised Ukraine's Outlooks to Stable from Negative, the ratings agency said in a press release.
Fitch has simultaneously affirmed Ukraine's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B-' and Short-term foreign currency IDR at 'B'. Ukraine's Country Ceiling is affirmed at 'B-'.
"The passing of elections and formation of a government have lessened risks of a prolonged period of post-election policy uncertainty and further intensification of macroeconomic and financial instability," said David Heslam, Director in Fitch's Sovereign Group.
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