'C' for Ukraine

Fitch Ratings-New York-27 August 2015:

Fitch Ratings has taken the following rating actions on Ukraine:

--Long-term foreign currency IDR downgraded to 'C' from 'CC';

Ukraine's ratings will be raised out of default shortly after Fitch determines that the exchange has been successful, which is typically measured by a minimum participation rate of 90%. The new rating will be consistent with Ukraine's prospective credit profile and debt structure.