International rating Agency Fitch has upgraded the long-term chart of default of the Issuer NAC "Naftogaz of Ukraine" in foreign currency From " CC " ( "high probability of default" ) to " CCC " ( "possible default" ).
the chart in the national currency is confirmed at level " CCC ", reports news Agency.
"These rating actions follow the raising of the sovereign rating of Ukraine From" RD " to " CCC ", – said in a press release of the Agency. Naftogaz's ratings are on the same level as the sovereign ratings of Ukraine, its sole shareholder, and reflect strong ties To the state, the preservation of weak financial metrics and exposure to political risks, Fitch emphasizes. Review of the Agency, timely financial support from the country continues to play a key role for the creditworthiness of Naftogaz, which continues to have significant operational shortages caused by the difference between the prices for imported gas and gas tariffs on the domestic market for heat-generating residents and organizations. Fitch expressed the view that without such support, the Company May have permitted a default. On 19 November, Fitch raised the long-term chart Issuer default ratings (IDR) of Ukraine in foreign currency From " RD " to " CCC ". In October, Fitch downgraded the long-term chart Issuer default ratings (IDR) of Ukraine in foreign currency to the level of " RD " ( "partial default" ) With " C ".