S&P turns VF Ukraine view to stable

S&P said it changed its outlook for VF Ukraine to stable from negative and affirmed its CCC+ ratings.

“Our outlook on VF Ukraine mirrors the stable outlook on Ukraine after the completion of its distressed debt restructuring. We cap our issuer credit rating on VF Ukraine at the level of the CCC+ transfer and convertibility (T&C) assessment on Ukraine. This reflects our view that the Ukrainian government would likely restrict access to foreign exchange liquidity for Ukrainian companies, including VF Ukraine,” S&P said in a press release.

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