Fitch Ratings revise IDRs of major Ukrainian cities.

The international rating agency Fitch Ratings has updated the forecast on the Long-term Issuer Default Ratings (IDRs) of Kyiv, Dnipro, Kharkiv, Lviv, Mariupol, Mykolaiv, and Odesa in foreign and local currency from “stable” to “positive” after the sovereign rating action. The rating action did not alter the assessment of their creditworthiness on a stand-alone basis – for all 7 cities it corresponds to the “b +” level.