News
22.03.2010
Standard & Poors Upgrades Ukraine Rating
Standard & Poors has upgraded Ukraine s national scale debt rating from UaBBB to UaA. This followed the upgrade of Ukraine s sovereign ratings in foreign currency (from CCC+/C to B-/C), as well as in the national currency (from B-/C to B/B).
We consider the news to be positive for Ukraine , since the current S&P rating implies Ukraine s eagerness to redeem its obligations, which is still susceptible to adverse effects of changes in economic conditions. Meanwhile, we expect that Fitch agency will improve Ukraine s rating after the State Budget 2010 is approved.
OREANDA-NEWS
