removed Ukraine’s state railroad from its Rating Watch Negative list, giving Ukrzaliznytsia a ‘stable’ outlook. Fitch said a key factor was Sberbank’s decision last summer to extend its $200 million loan to UZ for another three years. Fitch maintains the UZ rating at B. Last July, Standard & Poors raised UZ’s long-term credit rating to B-, from CCC. Volodomyr Zhmak, the railroad’s new CEO, said: “The updated forecast regarding Ukrzaliznytsia is an important achievement for Ukraine.”
removed Ukraine’s state railroad from its Rating Watch Negative list
