Moody’s changes Ukraine’s outlook to positive

Ratings

Photo by Gil C / Shutterstock.com

Moody’s Investors Service has revised Ukraine’s sovereign credit rating outlook to positive from stable. At the same time, Ukraine’s long-term issuer and senior unsecured ratings have been affirmed at Caa1, Interfax-Ukraine News Agency reports.

Photo by Shutterstock.com

“The affirmation of Ukraine’s Caa1 ratings reflects its – while showing signs of improvement – significant external vulnerability,” Moody’s said on Friday.

The key drivers for the change in the outlook to positive are: the rebuilding of Ukraine’s foreign exchange reserves is reducing external vulnerability in the context of large external repayments; and the improvement of Ukraine’s macroeconomic stability and the prospect for renewed reform momentum is strengthening the country’s economic resilience.

f he other two major agencies, Standard & Poor’s credit rating for Ukraine stands at “B” with astable outlook, while Fitch’s credit rating for Ukraine is “B” with positive outlook, the  Kiev-based Interfax-Ukraine notes.

ADVERTISEMENT

Astrasun Solar, Műszertechnika-Holding, IK Metál Ink Partner... Green Energy

Astrasun Solar, Műszertechnika-Holding, IK Metál Ink Partner...

Gov't to Launch HUF 700 bln Business Credit Scheme  Government

Gov't to Launch HUF 700 bln Business Credit Scheme 

Number of Jobseekers Under Quarter of a Million HR

Number of Jobseekers Under Quarter of a Million

Hungary's Largest Hotel, Danubius Hotel Hungaria, to Reopen Hotels

Hungary's Largest Hotel, Danubius Hotel Hungaria, to Reopen

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.