Fitch upgrades Ukrenergo notes to CC

Fitch Ratings said it upgraded Ukrenergo's state-guaranteed notes' senior unsecured rating to CC from C following the restructuring of its $825 million of bonds. The notes' recovery rating remains unchanged at RR4.

“The upgrade follows the restructuring of Ukraine's debt (see 'Fitch Upgrades Ukraine to CC’ at www.fitchratings.com),” the agency said in a press release.

Fitch also assigned Ukrenergo a CC long-term issuer default rating.

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