|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.