Economy 2020-04-07T04:01:58+03:00
Ukrainian news
Fitch Worsens Outlook For Ukrainian Banks Over Coronavirus

Fitch Worsens Outlook For Ukrainian Banks Over Coronavirus

Ukraine, Fitch, bank, Fitch Ratings, outlook, Coronavirus, COVID-19, coronavirus epidemic, coronavirus pandemic

The Fitch international rating agency has worsened its outlook for the Ukrainian banks over the impact of the coronavirus.

The agency has said this in a statement, Ukrainian News Agency reports.

According to the report, the agency revised its outlook for the banking sector to negative for seven out of eight markets, in particular: Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia.

As Ukrainian News Agency earlier reported, the Fitch has confirmed the long-term default rating of Ukraine’s issuers at B.


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