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Fitch Agency confirms Ukraine's B- rank with stable prediction

The agency noted the improvement in the macroeconomic stability, reduction of the state debt and international support
13:31, 29 October 2018

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The international rating agency Fitch Ratings has confirmed the long-term rating of the issuer default of Ukraine in the foreign and national currency at the "B-" level with the stable prediction, as the website of the agency reported.

According to the message, the weak outside liquidity, high demands in the external financing resulting from the repayment of the sovereign debts and structural weaknesses in the sphere of the bank sector, institutional restrictions, political and geopolitical risks negatively influence the rating of Ukraine.

Related: Ukraine's international reserves reduce by 3,5% in September, - National Bank

At the same time, Fitch notes the increasing of the reliability and agreement of the policy, improvement in the macroeconomic stability, reduction of the state debt and international support.

The agency specified that the short-term rating of the issuer default of Ukraine in the foreign and national currency is confirmed at the "B" level.

Related: NBU refuses Belarusian bank to purchase of Sberbank branch in Ukraine

Earlier, we reported that Ukraine’s sovereign credit ratings, both long-term and short terms ones are currently at the "B-/B" level, with a stable forecast.

Besides, Fitch emphasized that the program of the International Monetary Fund (IMF) on the support of Ukraine is a key factor of the creditworthiness as it mitigates law outside liquidity and reduces the risks of the refunding.

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