Fitch predicts hryvnia decline

REUTERS

Fitch Ratings predicts the devaluation of the hryvnia to the U.S. dollar to UAH 30.7/USD in 2019, as reported on the agency's website.

According to the outlook, in 2020 the Ukrainian hryvnia will further slide to UAH 32.3/USD.

Read alsoNBU consults Cabinet on ways to soften hryvnia devaluation

Earlier, S&P Global Ratings predicted the devaluation of the hryvnia by the end of 2019 at UAH 30.30/USD, by the end of 2020 – at UAH 31.20/USD, and in 2021 – to UAH 32.10/USD.

As UNIAN reported earlier, Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at "B-" with a Stable Outlook.