...The affirmation of City of Kryvyi Rih's ratings reflects financial resilience, despite its high financing needs and liquidity risks. The city has little capacity to deal with adverse economic conditions, as reflected in an unchanged `ccc' Standalone Credit Profile (SCP). Fitch Ratings expects direct debt and guaranteed municipal companies' debt from international financial institutions (IFIs) to rise, although the probability of default, particularly over the next 12 months, remains low....