Fitch Revises VF Ukraine's Outlook to Positive
Fitch Ratings has revised Vodafone Ukraine’s Outlook from Stable to Positive. The agency has affirmed all Vodafone ratings, including 'B' Long-Term issuer Default Rating. (IDR).
Vodafone Ukraine has been successfully operating at the International Debt Capital Market since 2018. In February 2020, Vodafone Ukraine successfully issued Eurobonds on the Foreign Stock Market – 5-year bonds (“Eurobonds”) for $500 million with a coupon of 6.20% rate.
In August 2021, Vodafone Ukraine and Raiffeisen Bank International AG have entered into a Derivatives Management Contract. The international contract has become another effective financial instrument for the company. It enables Vodafone to hedge currency risks at the international debt capital market.
For more information, please contact: