Fitch upgrades Ukraine to 'B'; outlook positive

Fitch upgrades Ukraine to 'B'; outlook positive

Ukrinform
Fitch Ratings has upgraded Ukraine's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'B' from 'B-'. The outlooks are positive.

In a press release, Fitch notes that Ukraine has demonstrated timely access to fiscal and external financing, improving macroeconomic stability and declining public indebtedness, while a shortened electoral period has reduced domestic political uncertainty. Expected macroeconomic policy continuity, the new government's strong stated commitment to structural reforms and engagement with IFIs mean that Fitch expects further improvements in creditworthiness.

The main factors that could, individually or collectively, lead to an upgrade are: increased foreign currency reserves and external financing flexibility; improvement of structural indicators, such as governance standards; higher growth prospects while preserving improved macroeconomic stability; further declines in government indebtedness and improvements in the debt structure.

ish


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-