The international rating agency Fitch Ratings, after raising the rating of Ukraine, also raised the rating of the state JSC "

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According to Fitch Ratings, the increase in the rating of UZ was directly affected by the change in the rating of the state of Ukraine on August 17, because the company is state-owned.

According to the agency, the strategic importance of the company for the state has grown since the outbreak of the Russian-Ukrainian war in February 2022..

“The incentive of the government to support UZ remains high, the state provides non-repayable cash subsidies (UAH 10 billion) to support the company’s core operating activities. However, the financial resources and cash flows of UZ began to depend on the financial performance of the Ukrainian state more than before the war..

The rating upgrade did not affect the independent creditworthiness of UZ at the level of "

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Recall that Ukrzaliznytsia paid $36 million in loan obligations in July.