Fitch affirmed Lviv ratings at "B-"
Fitch Ratings, the international rating agency, affirmed Lviv's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B-' with the stable outlooks.
The ratings continue to be constrained by Ukraine's sovereign ratings. Besides, Lviv's ratings reflect weak institutional framework for domestic investors in Ukraine.
Fitch noted positive expectations that the city's sound operating results will be maintained over the medium term.
The ratings also take into account Lviv's anticipated low direct debt and moderate contingent liabilities stemming from guarantees issued to municipal companies.
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