The International rating agency Standart Poor’s upgraded the ratings of Ukraine.
Long-term and short-term ratings on liabilities in national currency have been upgraded to “B- / B” from “CCC + / C”.
International rating agency Standard & Poor’s upgraded the long-term and short-term sovereign ratings of Ukraine under obligations in foreign currency to “B / B” from “SD / D” (selective default).
According to a press release from the agency, long-term and short-term ratings on liabilities in national currency have been upgraded to “B- / B” from “CCC + / C”.
Changes in ratings due to the completion of negotiations of the Ukrainian government on restructuring of external commercial debt.
S & P analysts predict that Ukraine’s real GDP will fall by about 15% in 2015 after contracting by 6.8% last year. In the next year, they expect growth of 2%, in 2017 – 3.5% and in 2018 – 4%.
The growth rate of consumer prices will jump to 55% this year after rising 12.2% in 2014, experts say the agency. In 2016, inflation will slow to 20% in 2017 – up 14% in 2018 – up 9%.
