...The affirmation of City of Kharkov's ratings reflects its financial resilience, supported by significant liquidity lines provided by international financial institutions (IFIs), despite its significant financing needs and liquidity risks. The city still has little capacity to deal with the adverse economic conditions, as reflected in its unchanged Standalone Credit Profile (SCP) of `ccc'. Fitch Ratings expects an increase in the city's and city-guaranteed municipal companies' debt from IFIs, but the probability of default, particularly over the next 12 months, remains low....