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Fitch observes more sovereigns
Fitch Ratings said it placed the CCC long-term foreign- and local-currency and debt ratings for Ukraine, Mozambique and the Republic of Congo following the conversion of its sovereign rating criteria to final criteria.
“The UCO indicates that ratings may change as a direct result of the final criteria. It does not indicate a change in the underlying credit profile, nor does it affect existing outlooks,” the agency said in a press release.
Fitch said it plans to resolve the UCO status within six months.
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