Fitch Analyst Cut Ukraine 2012 GDP Forecast, Kommersant Reports

Fitch Ratings cut Ukraine’s 2012 economy growth forecast to 0.5 percent from 2.4 percent in July, Kommersant-Ukraine newspaper reported, citing Charles Seville, the sovereign-ratings director at Fitch.

Fitch also cut the country’s 2013 GDP growth forecast to 3 percent from 3.5 percent, according to the Kiev-based newspaper.

Fitch’s spokesperson in Moscow, Julia Belskaya von Tell, was not immediately available for comment when called by Bloomberg News today.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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