Fitch: Ukraine’s creditworthiness depends on cooperation with the IMF

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Continuing cooperation with the International Monetary Fund is a key factor in Ukraine’s sovereign creditworthiness, mitigating low liquidity and reducing the risks of refinancing.

According to international rating agency Fitch Ratings, IMF financing is the key to preserving the international reserves of our country and increasing the volume of payments on sovereign debts.

The agency recalled that when confirming the sovereign rating of Ukraine in April, they expected the completion of the fourth revision of the program in the third quarter of 2018.
According to Fitch, the main unresolved issues remain changes in the budget for 2018 to achieve a 2.5% deficit relative to GDP under the program and adjustment of gas tariffs for households.

As reported by The Journalist Firtash’s debts to Ukrtransgaz amounted to 17 billion hryvnia.

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