Fitch Ratings reduced the rating of Ukraine to V-

This Friday, the Fitch Ratings International rating agency again reduced the long-term ratings of the default of the issuer of Ukraine in foreign and national currency to the level of the previous mark B and stated that the forecast for them is negative.

The ratings of Ukrainian bonds in foreign and national currency are also reduced. The only rating remained at the same level B - the short -term rating of the issuer default in foreign currency.

This decrease in the ratings reflects the entire less defined external financial situation of the country and its limited possibilities of borrowing in foreign currency to refinance significant debt payments permitted for 2014-15, the agency said. According to his forecasts, in particular, this year Ukraine will have zero growth of gross domestic product, and next year - an increase of 1.5 percent. The hryvnia will continue to depreciate further, and by the end of 2014 it will reach the level of 9 hryvnias per US dollar, the report said.

Only a little more than a week ago in the same agency several positive forecasts were expressed - in particular, to increase the economy by 2.2 percent next year or to the fact that the hryvnias will fall at the end of next year to 8.5 per dollar. Another international rating agency Standard & Poor's also lowered the long-term sovereign credit rating of Ukraine in foreign and national currency to the level of the previous one a week ago. And a month before, the credit rating of state bonds of Ukraine reduced the third of the leading rating agencies, Moody's.

According to Ukrainian Internet media, the President of Ukraine Viktor Yanukovych today will go to Russia, probably in order to discuss options for developing the situation in case of disruption of negotiations with the European Union of Association.