Fitch downgraded the long-term chart of the Issuer in foreign currency of Ukraine
International rating Agency Fitch on the last working day of the week downgraded the credit chart Issuer default (IDR) of Ukraine in foreign currency from " CCC " to " SS ", according to a press release from the organization.
Fitch understands that the lower long-term IDR in foreign currency to the level of " SS "indicates" the likelihood of occurrence in the country of default ".
on Thursday, the head of the IMF Christine Lagarde has announced the successful completion of negotiations between the IMF and Ukraine concerning the extension of the program to support the country. The amount of financial help from the IMF is determined in the amount of about 17, 5 billion dollars. In General, According to Lagarde, the financing from the IMF and from other sources for 4 years could reach $ 40 billion.
"The new IMF program will help Ukraine to close the fiscal gap, however, the joint external corporate debt restructuring seems more likely," reads the press release.
as other factors also noted the deterioration in sovereign creditworthiness of the country." By results of examination Fitch, according to the results of the 2014 national debt of Ukraine increased to 72% of GDP.
in addition, the Agency also assured long-term national currency at the level of " CCC ".