...The affirmation of City of Mykolaiv's ratings reflects its financial resilience, 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 Mykolaiv's direct debt and the city-guaranteed municipal companies' debt from international financial institutions (IFIs), but the probability of default, particularly over the next 12 months, remains low....