Business

Business

Fitch reverts DTEK Renewables’ rating to ‘CC’ after temporary ‘RD’ due to bond buyback

Fitch Ratings has downgraded DTEK Renewables B.V.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'Restricted Default' (RD) from 'C', following the company's disclosure of the result of its tender offer. Fitch has simultaneously upgraded the IDRs to 'CC',…

Read MoreFitch reverts DTEK Renewables’ rating to ‘CC’ after temporary ‘RD’ due to bond buyback

Economy Ministry worsens forecast for Ukraine’s GDP growth in 2023 to 1%, improves inflation forecast to 24% – Deputy Minister

The Ministry of Economy of Ukraine revised its macro forecast for 2023, worsening the forecast for GDP growth from 3.2% to 1%, primarily due to the assumption that hostilities will not end in the middle of the year, but will…

Read MoreEconomy Ministry worsens forecast for Ukraine’s GDP growth in 2023 to 1%, improves inflation forecast to 24% – Deputy Minister