Fitch cuts three Ukrainian cities

Fitch Ratings said it downgraded the long-term foreign- and local-currency ratings of Kyiv, Odessa and Kharkov to B- from B. The short-term foreign-currency rating was affirmed at B.

The outlook for the long-term foreign- and local-currency ratings is negative.

The actions follow the downgrade of Ukraine's long-term foreign- and local-currency issuer default ratings to B- from B.

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