February 7, 2014 / 5:15 PM / 3 years ago

Fitch cuts Ukraine's foreign currency rating to 'CCC' from 'B-'

1 Min Read

Feb 7 (Reuters) - Fitch downgraded Ukraine's long-term foreign currency Issuer Default Rating to 'CCC' from 'B-', citing political instability in the country.

"The financial system remains fragile, burdened by non-performing loans of 30 percent, and represents a contingent liability to the sovereign...," Fitch Ratings said.

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