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                        THURSDAY, OCTOBER 18, 2018
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Odesa city may draw five-year loan from local bank, Fitch Ratings reports
Journal Staff Report

The city of Odesa is drawing a five-year loan from a local bank, Fitch Ratings said in a press release on Monday. "Fitch expects Odesa's direct debt to remain low in the medium term, although it may rise to about 9% of current revenue (UAH 900 million) in 2018 from about 6% in 2017 (UAH 509 million). The city is drawing a five-year loan from a local bank," Fitch said.





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