S&P affirmed the sovereign ratings of Ukraine at “b-/b” with a stable Outlook

S&P подтвердило суверенные рейтинги Украины на уровне "В-/В" со стабильным прогнозом

International rating Agency Standard&Poor’s affirmed long-and short-term sovereign credit ratings in foreign and national currency in Ukraine at “B-/B”. This is stated in the press release published on the Agency’s website.

“Ukraine’s ratings affirmed at ‘B-/B’; Outlook stable”, – stated in the message.

As noted, after the sharp decline in production and rapid rise in inflation in 2015, the macroeconomic picture of Ukraine in 2016 has improved, the country returned to positive economic growth and lower inflation.

“However, significant contingencies and unpredictable situation in terms of security in the East of the country, as well as its impact on GDP and exports, and uncertainty regarding banking and the financial sector remain”, – stated in the message.

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“We reaffirm the ratings “B-/B” for Ukraine. The stable Outlook reflects our view that over the next 12 months, the Ukrainian government will support access to the official support of creditors through reforms, albeit with delays in fiscal, financial and economic fronts,” – said the Agency.

Earlier, S&P downgraded the rating of Kiev from “CCC” to “CC” in connection with the restructuring bonds on obligations in the national currency.

Related news: Moody’s changed the Outlook on Ukraine’s banking system from “negative” to “stable”