Fitch upgraded Ukraine’s sovereign rating.
Posted in News.
Agency Fitch Ratings upgraded the long-term issuer default rating of Ukraine in foreign and national currency from CCC (probable default) to B- (essentially insufficient creditworthiness) with a stable outlook. This is stated in a press release on the agency website.
It is noted that the improved rating of Ukraine affected provided financial aid – IMF tranches and the other, so that increased currency reserves and a more flexible exchange rate. But noted that liquidity is still much lower than the solid estimate V.
The current account deficit, the agency expects to increase to 2.5% of GDP in 2016 and will continue to grow 3% in 2018. However, through external funding and internal weighted policy is expected to increase reserves.
