Fitch affirms Naftogaz credit rating at 'CC'
Fitch affirmed NJSC Naftogaz of Ukraine’s long-term issuer default rating at ‘CC’ after restructuring $0.6 billion and EUR0.7 billion Eurobonds via Kondor Finance. Fitch cited weak liquidity forecasts, high Ukraine operating risks, limited external financing, and affirmed USD and EUR bonds at ‘C’ (Recovery Rating ‘RR6’).



