S&P Global Ratings affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on Ukraine.
“On Nov. 10, 2017, S&P Global Ratings affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlook on the long-term foreign and local currency ratings is stable,” reads the statement on the agency’s website.
As noted, the stable outlook reflects the expectation that the Ukrainian government will maintain access to its official creditor support over the next 12 months by pursuing the required fiscal, financial, and economic reforms. In particular, the S&P analysts expect that the Verkhovna Rada of Ukraine will be able to pass key reforms broadly as set out by donors, thereby enabling the next disbursements under the IMF and EU aid programs.
