Fitch revises Ukraine outlook to stable, affirms rating
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.