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Increase Fitch and Moody's ratings of Ukraine will facilitate access to international credit resources - the Ministry of Finance of Ukraine.

Increase Fitch and Moody’s ratings of Ukraine will facilitate access to international credit resources – the Ministry of Finance of Ukraine.

Posted in News.

The Ministry of Finance considers raising agencies Fitch and Moody`s rating of Ukraine facilitate the country’s access to international credit resources.
Increasing the international rating agencies Fitch and Moody`s rating of Ukraine facilitates the access of the country, as well as Ukrainian corporate borrowers to international credit.
This is stated in the Ministry of Finance.
“Decisions Fitch and Moody`s, which were adopted following a similar decision of the rating agency S & P to raise the credit rating of Ukraine, an important step towards the return of Ukraine to the international capital market in the medium term … Improving credit rating of Ukraine will also facilitate access to international credit resources for Ukrainian companies and banks “, – the report says.
The upgrade Ukraine’s Ministry of Finance relates to the completion of the restructuring of foreign debt.
“Thanks to the restructuring, Ukraine managed to immediately reduce the amount of the debt by $ 3 billion and defer payment of $ 8.5 billion for the period after 2018”, – stressed the ministry.
As reported in October, the holders 13 of the 14 issues of Eurobonds Ukraine a worth of $ 14.36 billion and 0.6 billion euros, supported by their restructuring. It involves an exchange of 80% of the new Eurobonds with prolongation of maturity of four years and 20% – in the state derivatives, payment of which in the years 2021-2040 will depend on the pace of GDP growth. The new sovereign Eurobonds were issued on November 12 a total of $ 11.95 billion maturing in 2019-2027 years at 7.75% per annum, and the state derivatives – to $ 2.92 billion.

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