Fitch downgraded the rating of the Ukrainian capital to default

The international rating agency Fitch downgraded the long-term issuer default rating in foreign and national currencies of Kyiv from CCC to CC, which indicates a high probability of default.

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This was reported by the Kiev publication “Economic Truth”.

The debt rating of the Ukrainian capital was downgraded from CCC/BBB (Ukr) to CC/BB + (Ukr).

The agency also downgraded the capital's long-term national scale rating from BBB (Ukr) to BB + (Ukr) with a negative outlook.

Previously, Fitch Ratings confirmed the long-term issuer default rating of Ukraine in foreign and national currencies at the CCC level - a real threat of default.

It is interesting that against this background, the Cabinet of Ministers of Vladimir Groysman predicts the growth of the Ukrainian economy at the end of the current year at the level of 1,5%.