Fitch announced Kyiv’s “possible default”

Source : 112 Ukraine

Kyiv is rated on CCC level, which points to the high risk of default of the economy
13:55, 21 March 2016

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International news agency Fitch confirmed long-term rating of Kyiv on “CCC” level, which means possible default, says the message at the agency’s website. “Fitch Ratings confirmed long-term rating of default in Kyiv (Ukraine) in national and foreign currency”, - the message reads.
Previously, in late December, Fitch raised the long-term rating of default for Kyiv from “D” to “CCC”.

Related: Fitch forecasts slight economic growth in Ukraine in 2016

Related: Ukrainian political crisis negative impact, - Fitch research

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