Fitch revises Ukraine outlook to negative, affirms B ratingJune 29, 2013 - 11:45 AMT PanARMENIAN.Net - Fitch Ratings has affirmed Ukraine’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’ and revised the outlooks on the ratings to negative from stable, the ratings agency reported Friday, June 28, according to RIA Novosti. Fitch also affirmed the short-term IDR at ‘B’ and the country ceiling at ‘B’. The outlook’s revision “reflects an increasingly fragile external financing position, the likelihood that international reserves will decline further as Ukraine faces a heavy external debt repayment schedule through 2014, and greater challenges in borrowing on international capital markets,” the agency said. Besides, Fitch does not expect Ukraine to reach a deal with the International Monetary Fund in 2013, whereas raising funds from alternative sources, it said, would be difficult. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |