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Fitch Ratings affirms Ukraine's IDRs at 'B-' with a Stable Outlook - Report

Fitch Ratings affirms Ukraine's IDRs at 'B-' with a Stable Outlook - ReportFitch Ratings affirmed Ukraine's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B-' with a Stable Outlook.

This is reported by Interfax-Ukraine citing a Fitch report.

"Ukraine's ratings balance weak external liquidity, a high public debt burden and structural weaknesses, in terms of a weak banking sector, institutional constraints and geopolitical and political risks, against improved policy credibility and coherence, the sovereign's near-term manageable debt repayment profile and a track record of multilateral support," Fitch said.

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'.
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