The international rating agency Fitch Ratings has lowered the long-term foreign currency credit rating of NJSC Naftogaz of Ukraine from ССС up to СС, the message of the agency says, RBK-Ukraine (РБК-Україна) reports.

At the same time, the long-term local currency issuer default rating of Naftogaz has been affirmed to be at ССС.

Besides, the agency has downgraded the ratings of other 4 Ukrainian companies.

Thus, the long-term local currency issuer default rating of Avangardco Investments Public Limited has been lowered from CCC up to CC. The long-term foreign currency issuer default rating has been also downgraded from CCC up to CC. The foreign currency senior unsecured rating and capital recovery rating of RR4 have been lowered from CCC to CC,. The long-term local currency rating has been downgraded from A(ukr) to BB(ukr), with a negative outlook.

The long-term local currency rating of Kernel Holding S. A. has been lowered from A(ukr) to BBB+(ukr), with a stable outlook. The long-term issuer default ratings for local and foreign currencies have been affirmed at CCC.

Moreover, the long-term local currency rating of OJSC Myronivsky Bread Products (MHP S. A. subsidiary) has been lowered from AA-(ukr) up to A+(ukr), with a stable outlook. The long-term issuer default ratings for local and foreign currencies have been acknowledged at CCC.

The local currency rating of Ukrlandfarming PLC has been downgraded from A(ukr) to BB(ukr), with a negative outlook. The long-term issuer default ratings for local and foreign currencies have been downgraded from CCC to CC, with senior foreign currency unsecured rating and capital recovery rating of RR4 being lowered from CCC to CC, too.