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Fitch Ratings has downgraded JSC Ukrainian Railways (Ukrzaliznytsia, UR) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'Restricted Default' (RD) from 'C' following the execution of the consent solicitation to defer its debt servicing of its US dollar loan participation notes (LPN) maturing in 2024 and 2026. Fitch views the consent solicitation as a distressed debt exchange (DDE).

Fitch Ratings has upgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC' from 'RD' (Restricted Default). The rating does not carry an Outlook because of the high volatility at this rating level, in line with Fitch's rating definitions. At the same time, Fi

India's state-run IRCON will begin a 33 billion rupee (about 90 million dollars) upgrade of section rail track to the northern city of Jaffna from January 05, Transport Minister Bandula Gunawardana said.

Fitch Ratings has downgraded DTEK Energy B.V.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'Restricted Default' (RD) from 'C' following the execution of the tender offer and the company's disclosure of the result of its consent solicitation related to changes in the notes' documentation, the agency said on its website.

Fitch Ratings has downgraded Sri Lanka's local currency rating to 'CC' from 'CCC' citing probable restructure of domestic debt.