Fitch affirms Kyiv

Fitch Ratings said it affirmed the City of Kyiv's long-term foreign and local currency ratings at B-, with stable outlooks, and its short-term foreign currency rating at B.

The agency said it has also affirmed the city's national long-term rating at BBB+(ukr) with stable outlook.

The rating action also affects the city's outstanding debt issues totaling $800 million.

Fitch noted that the affirmation reflects the city's capital status and implicit support by the central government, improved budgetary performance, underpinned by sound economic activity and curbing of spending.

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