Fitch knows of no Ukraine sovereign default
Ratings agency Fitch...
Ratings agency Fitch said on Friday it was not aware of any Ukrainian default on its sovereign debt or any debt with a sovereign guarantee, according to Reuters.
European stocks and currencies were hit on Friday by a wave of speculation about the risk of Ukrainian default on sovereign and sovereign-guaranteed debt, even though analysts said there was no fresh development to trigger the sudden fright.
"The sovereign has not defaulted on its debts, nor are we aware of a default on anything with a sovereign guarantee," head of Fitch emerging Europe sovereigns Ed Parker told Reuters.