Finance

Fitch Ratings downgrade UZ credit rating to stable.

Tuesday, February 15, 2022
Fitch Ratings downgrade UZ credit rating to stable.

 Credit agency Fitch Ratings revised their credit rating of Ukrainian Railways (UZ) after the deterioration of the sovereign forecast. The forecast revision follows a recent change in Ukraine’s risk of default forecast as an issuer of long-term securities. An additional factor in the rating change is the net debt to EBITDA ratio, which is above 400%, and the deterioration of the company’s liquidity position. UZ’s credit rating is related to the Ukrainian rating, as the company is fully state-owned. Fitch confirmed the rating for UZ at level B, and the independent rating is rated B-.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Tuesday, February 15
EconomyFinance
In January, UZ earned a profit.

In January, UZ earned a profit.

Next post
Tuesday, February 15
Finance
In 2021, banks issued almost UAH 9B in new mortgages.

In 2021, banks issued almost UAH 9B in new mortgages.

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Previous Main Topics

Subscribe