S&P affirms Ukraine’s sovereign rating at B-/B level

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Open source

The international rating agency S & P Global Ratings confirmed the sovereign credit rating of Ukraine at the level of “B- / B”.

According to the Agency, the outlook is stable, Interfax-Ukraine reports.

At the same time S&P affirmed the long-term Ukraine national scale rating at “uaBBB” level, also with a stable outlook.

It is known that a stable outlook reflects expectations regarding Ukraine’s compliance with International Monetary Fund stand-by arrangement, possibly with some delays, which will help maintain macroeconomic stability during the presidential and parliamentary elections in the country.

In addition, S & P expects Ukraine to retain access to both domestic and international capital markets, which will allow it to repay debts in 2019.

As The Journalist reported, Ukraine will take USD 630 million credits to implement State Budget for 2019.

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