International rating Agency Standard & Poor”s affirmed its long-term sovereign credit rating of Ukraine in foreign and national currency at level “B-“, UNIAN reports.
Also confirmed short-term sovereign rating in local and foreign currencies at “b”. The forecast on ratings “stable”
“The stable Outlook reflects our expectation that the Ukrainian government will resort to the support of the official creditors in the next 12 months through the necessary fiscal, financial and economic reforms”, – stated in the message.
S&P experts expect that Parliament will be able to carry out key reforms, thus fulfilling obligations to the International monetary Fund (IMF) and received from him a new tranche. While S&P does not expect that it will happen until early next year.
The Agency warned that if Ukraine does not fulfill the requirements of the IMF and thus will not be able to get a new loan, the Agency will lower ratings of the state. In this case, if the growth of the economy will be significant and will exceed the expectations of analysts S&P, the Agency can improve the rating of Ukraine.
At the end of October the international rating Agency Fitch confirmed long-term Issuer default rating of Ukraine in foreign and national currencies at “b-” with a stable Outlook.