Ukraine’s credit rating improved by two positions at once

Japanese rating agency R&I upgrades Ukraine’s credit rating by two positions at once from CCC + to B, the company’s press release stated.

The analysts specified that Ukraine’s disciplined fiscal policy, as well as monetary policy increased its economic stability. Despite the current account balance remains slightly in short supply, the increase in international reserves improve Ukraine’s resilience to external shock.

R&I also positively evaluated the actions of the National Bank regarding the priority of price stability. However, they clarified that, given the significant needs for debt refinancing and to maintain a healthy financial environment, the help of the International Monetary Fund is still important for Ukraine.

As The Journalist reported, Presidential Administration will improve Ukraine’s credit rating and large-scale privatization.