Fitch has maintained Ukraine's rating at Restricted Default but expects macroeconomic indicators to deteriorate.

IMF mission completes review of Ukraine's $500 million EFF program: government expects "positive outcome" The IMF mission is completing its review of Ukraine's $500 million EFF program. The government expects a positive outcome and continues reforms.

According to the international credit rating agency Fitch, Ukraine is insolvent, inflation is rising, and the country's economic and governmental stability is deteriorating. The report highlights that the costs of reconstruction in Ukraine are expected to be extremely high, and also emphasizes the severity of Ukrainian corruption.

Fitch has maintained Ukraine's rating at Restricted Default but expects macroeconomic indicators to deteriorate.

Fitch has affirmed Ukraine’s rating at Restricted Default for the second consecutive time in response to its foreign currency debts. The national currency rating stands at CCC+, indicating a very high risk. Fitch explained the decision by noting that Ukraine is still restructuring its external debt. Although Ukrenergo has reached an agreement with bondholders to restructure 2021 green bonds totaling $825M, GDP warrants ($2.6B) and the Cargill lo…