OREANDA-NEWS. Fitch Ratings has today assigned Ukraine's five-year USD0,5bn eurobond with a fixed semi-annual coupon of 6,385%, maturity of June 2012, and closing date of 26 June, a "BB- (BB minus)" rating.

The rating is in line with Ukraine's Long-term foreign currency Issuer Default rating, on which the Outlook is Positive.

Ukraine's impressive economic performance is exerting upward pressure on the rating, despite a volatile political situation. GDP grew 7,9% in the first five months of 2007, up from the 7,1% growth recorded in 2006.

Inward foreign direct investment reached USD5.3bn in 2006, 5% of GDP, comfortably financing the current account deficit of 1,5% of GDP.