Fitch Downgrades Ukraine's Long-Term Rating to 'C'

Fitch Ratings has downgraded Ukraine's Long-term Foreign Currency Issuer Default Rating (IDR) to 'C' from 'CCC'.

In February, the S&P international rating agency downgraded Ukraine's foreign and national currency credit rating to B-.

Prior to this, Fitch downgraded Ukraine's credit rating outlook from positive to stable, while Fitch affirmed the country's rating at 'B'.