Fitch says 'comfortable' with Ukraine rating despite unrest


  • World
  • Friday, 13 Dec 2013

LONDON (Reuters) - Fitch is comfortable with Ukraine's rating despite the massive protests over the government's shunning of a trade deal with the European Union, the agency's new chief sovereign analyst said on Thursday.

It downgraded Ukraine's sovereign rating by one notch last month - cutting the country to B-minus from B, with a negative outlook - and warned more cuts could be on the way because of a shaky financing position and possible roadblocks to foreign currency borrowing.

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