MOSCOW, 2 Sep - RIA Novosti/Prime. International rating Agency Fitch downgraded the credit chart in foreign currency of the city of Kiev on the same level with " SS "to pre-default level" C ", follows from the message Fitch.

It is noted that the chart of Kiev reflects the chart of Ukraine.
Fitch 27 August downgraded the long-term chart Issuer default ratings (IDRs) of Ukraine in foreign currency, up to " C "from" CC " messages after about a consensus on restructuring the external debt of the country.

"The downgrading of the sovereign rating of the country or any adverse changes that lead to partial or complete restriction of the ability and/or willingness of the city to service its own debt, will cause the downgrade," - emphasizes the Agency.

While the Agency believes it is unlikely any positive rating action on cities at the moment." The rating upgrade of the country together with a sustained recovery in the financial flexibility of the city, contributing to the destruction of significant negative credit risks, is able to provide a rating upgrade, " but Fitch stresses.

sections: Politics