Ukraine moves step closer to default - Fitch — RT Business:
"The Fitch ratings agency has downgraded Ukraine one step closer to default grade, as the Ukrainian currency the hryvnia hits a record low, and the economy balances on the brink of a collapse.
Fitch cut the long-term local currency Issuer Default Rating (IDR) of Ukraine from B-,signifying a default risk, to CCC, where default is a real possibility, and affirmed its long-term foreign currency IDR at CCC, it said in a statement on Friday.
The downgrade came amid deteriorating economic outlook due to the ongoing military conflict in Ukraine."
'via Blog this'
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