OREANDA-NEWS. In October, the Eurobonds sold by the Ministry of Finance of Ukraine (worth USD 0.7bn) were assigned a BB- rating by Fitch Ratings, the Millennium Capital analytic bureau reports. The rating corresponds to Ukrainian bonds ratings in both foreign and local currencies. According to Fitch's rating definitions, an international long-term rating of BB is a speculative, not investment rating and points to possible risks related to the change in Ukraine's economic situation. Since the introduction of the national rating scale in Ukraine in June 2006, Fitch assigned "BB-" ratings to the Ministry of Finance's USD 1bn Eurobonds issued in November and to the June 2007 Eurobond issue worth USD 0.5bn. Ukraine's sovereign rating is positive, according to Fitch. It was upgraded from "Stable" in October 2006. As announced by Fitch in October, it will maintain the positive rating of Ukraine, based on its high economic performance.