Fitch Ratings has assigned the City of Kyiv’s upcoming domestic bond issue an expected Long-Term Rating of ‘B(EXP)’, Fitch said on its website. “Kyiv’s bond issue rating is equalised with the city’s Long-Term Issuer Default Rating since the bond will be a senior, unsecured obligation and rank pari passu with the city’s other senior unsecured … Read more
Fitch Ratings has affirmed Ukrainian commodity processor Kernel Holding S.A.’s Long-Term Foreign- and Local-Currency (LC) Long-Term Issuer Default Ratings (IDR) at ‘BB-‘. The Outlook is Stable. “The affirmation reflects our expectations that Kernel will maintain a high share of export profits (FY20: 95% of EBITDA), and continue proactively refinancing upcoming debt maturities,” Fitch said in … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the rating agency said on its website. “The ratings of Ukraine reflect its credible macroeconomic policy framework that had lowered inflation and narrowed fiscal deficits prior to the coronavirus shock, and a record of multilateral support. These … Read more
Fitch Ratings has revised the outlooks on seven Ukrainian banks to stable from positive and affirmed their Long-Term Issuer Default Ratings (IDRs), the agency said on its website. “The affected banks are: Oschadbank, Ukreximbank, PrivatBank, Ukrgasbank, Credit Agricole Bank, ProCredit Bank, and Pravex-Bank,” it said. “Fitch has also revised the outlook on First Ukrainian International … Read more
Fitch Ratings has revised the Outlook on Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Positive and affirmed the IDR at ‘B’. “The revision of Ukraine’s Outlook to Stable reflects the significant impact of the COVID-19 pandemic… The heightened macroeconomic and fiscal risks associated with this unprecedented global shock will partially reverse Ukraine’s … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘B’, the outlook is positive, the rating agency said on its website. “Ukraine’s ratings balance improved policy consistency and credibility, a record of multilateral support, and low government debt against low external liquidity relative to high financing needs associated with large … Read more
The international rating agency Fitch Ratings expects acceleration of growth of the Ukrainian economy from 3.2% in 2019 to 3.5% in 2020 and 3.8% in 2021 due to private consumption and investment. “According to official estimates, the economy grew by 3.2% in 2019 and Fitch expects growth of 3.5% in 2020 and 3.8% in 2021 … Read more
Fitch Ratings has assigned PJSC VF Ukraine, the second largest mobile operator in Ukraine, a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B’, the outlook on the IDR is positive, Fitch has said on its website. “Fitch has also assigned VFU Funding plc’s (VFU Funding) proposed loan participation notes (LPNs) an expected rating of ‘B … Read more
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of PrivatBank, Oschadbank, Ukreximbank and Ukrgasbank at ‘B’, with positive outlooks, the rating agency said on its website. “At the same time, Fitch has upgraded PrivatBank’s Viability Rating (VR) to ‘b’ from ‘b-‘, affirmed the ‘b-‘ VRs of the other three state-owned banks and removed … Read more
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s (Ferrexpo) Long-Term Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’, the outlook is stable, the rating agency said on its website. “The upgrade follows Ukraine’s Country Ceiling upgrade to ‘B’ from ‘B-‘ on September 6, 2019. The IDR of Ferrexpo remains two notches above the Country Ceiling, reflecting … Read more