The FINANCIAL — The international rating agency S&P Global Ratings affirmed its long-term and short-term ratings of Ukraine at the level of ‘B-/B’ with a stable outlook, declared the Agency’s press-service on June 10.
“Ukraine’s newly appointed government has pushed through key reforms, including a gas price hike, paving the way for the likely disbursement of a delayed financing tranche from the International Monetary Fund by August. Following a sharp contraction in output and skyrocketing inflation levels in 2015, the macroeconomic picture is likely to improve in 2016, with a return to positive growth and an improvement in inflation. The stable outlook reflects our view that over the next 12 months the Ukrainian government will maintain access to its official creditor support by pursuing reforms,” – informed the press-service.
As a reminder, S&P already assigned the same rating to Ukraine in October 2015, after completion of the foreign debt restructuring by the Government of Ukraine, according to APK-Inform.
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