KYIV, March 18 – Fitch Ratings has affirmed the Ukrainian city of Kharkiv's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B-' with stable outlooks and Short-Term Foreign-Currency IDR at 'B', according to a posting on the rating agency's website.
"The city's National Long-Term Rating has been affirmed at 'AA-(ukr)' with stable outlook," it reads.
"Fitch continues to view the city's ratings as being constrained by Ukraine's sovereign ratings (B-/Stable/B) and the weak institutional framework governing Ukrainian local and regional governments (LRGs)," the company experts said.
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