Photo: Reuters (archive photo), S&P affirmed Ukraine’s rating at “B”

Long-term ratings of Ukraine in foreign and national currency at level “B” carry a stable Outlook.

International rating Agency Standard&Poors confirmed long-term ratings of Ukraine in foreign and national currency at level “B”, short-term ‘ B ‘ and the ratings on the national scale “uaA”, Outlook “stable”. This is stated in the message Agency, published on March 13.

“Despite the strengthening of fundamental factors, including an increase in foreign exchange reserves, a modest budget deficit and reducing public debt to GDP, Ukraine is facing risks associated with the deterioration in the global economy and finances,” said S&P.

It is emphasized that at present it remains unclear the impact of the recent government reshuffle on the dynamics of reforms in Ukraine and the country’s relations with key creditors.

Previously, S&P predicted inflation in Ukraine was 5% above the target level of the NBU in the next two years.

We will remind, in September last year, the Agency raised the long-term sovereign ratings of Ukraine in foreign and national currency from “B-” to “B” and national scale ratings on Ukraine − from “uaBBB” to “uaA”, confirming the short-term ratings at “B”.

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