Fitch downgraded Ukraine to B+ with a negative
Outlook on October 17, and director of Fitch`s sovereign group Andrew
Colquhoun said the hrvynia
"A further drastic fall in the currency would cause considerable problems for the banking sector, particularly given how dollarised Ukrainian economy is," he told Reuters in a telephone interview.
"It could put downward pressure on the rating... I wouldn`t say abolishing the currency band necessarily rules out the central bank intervening in the foreign exchange market... hopefully the IMF money should help restore confidence and so be supportive of the rating."
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