Fitch knows of no Ukraine sovereign default

LONDON | Fri Nov 20, 2009 9:28am EST

LONDON Nov 20 (Reuters) - Ratings agency Fitch said on Friday it was not aware of any Ukrainian default on its sovereign debt or any debt with a sovereign guarantee.

European stocks and currencies were hit on Friday by a wave of speculation about the risk of Ukrainian default on sovereign and sovereign-guaranteed debt, even though analysts said there was no fresh development to trigger the sudden fright. [ID:nLK250699]

"The sovereign has not defaulted on its debts, nor are we aware of a default on anything with a sovereign guarantee," head of Fitch emerging Europe sovereigns Ed Parker told Reuters.

(reporting by Peter Apps; Editing by Ron Askew)

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