Feedback
S&P confirmed credit ratings of Ukraine with stable outlook
18:28, 11 November 2017
S&P confirmed credit ratings of Ukraine with stable outlook

Also, the short-term credit rating remained unchanged - at the level B

18:28, 11 November 2017

112 Agency

Long-term and short-term sovereign ratings of Ukraine are kept at the level B- /B, the outlook is "stable." This is reported on the website of the Standard & Poor's (S&P) international rating agency, writes DW.

(S&P) confirmed the long-term sovereign rating of Ukraine in foreign and national currencies at the level B-. The short-term credit rating also remained unchanged - at level B. The outlook for both ratings is "stable."

Analysts of S&P expect that Kyiv will carry out "fiscal, financial and economic reforms" necessary to obtain new tranches from the International Monetary Fund (IMF).

Related: IMF-Ukraine cooperation program open to question, - EBRD


If the Ukrainian authorities fail to comply with IMF regulations and will not receive a regular loan, the sovereign rating of the country will be revised downward, warns S&P.

As it was reported, the International Monetary Fund proposes 4 requirements to Ukraine for obtaining the next tranche. Among them, the adoption of the law on privatization, the creation of an anti-corruption court and the settlement of the issue with gas prices. The need for land reform is also noted.

We recall, the National Bank is awaiting the receipt of the next tranche of the International Monetary Fund under the EFF program in the first quarter of 2018, and not at the end of 2017, as previously thought.

Related: HIGHLIGHTS OF THE WEEK: NOV. 3 - NOV. 10

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more
latest news
editor's choice
video