The international rating agency Fitch has confirmed Ukraine’s sovereign credit rating at the “CC” level.
The main factor shaping this assessment remains the continuation of the conflict with Russia, which reduces the predictability of forecasts and the country’s credit attractiveness. Fitch assumes that fighting will continue through 2024.
Other factors include uncertainty about the continuation of foreign aid, primarily from the US and EU, government budget deficits and high public debt.
Fitch notes that there are signs of a possible improvement in the situation in Ukraine in the future, including economic recovery as the intensity of fighting decreases and some refugees return, as well as an increase in foreign exchange reserves, TASS notes.