Date: 4 months ago   Category: Financial

Fitch has updated the macroeconomic rating of Ukraine


Has confirmed to Fitch Ratings long-term issuer default rating of Ukraine at the level of B-with the stable forecast. The international rating agency Fitch Ratings has confirmed long-term issuer default rating of Ukraine in foreign and national currencies at the level of B-with the stable forecast. The press service of the agency reports about it. According to Fitch, the weak external liquidity, the high need for external financing exert impact on the ratings of Ukraine, it is caused ​​ by repayment of sovereign external debts and structural weaknesses, in particular, in the banking sector, the sphere of institutional restrictions and geopolitical and political risks. At the same time the agency has noted increase in reliability and coherence of policy, improvement of macroeconomic stability, reduction of a national debt and the international support. "The continuing cooperation of Ukraine with the International Monetary Fund has to soften short-term financial risks, taking into account need of repayment of sovereign debts, since 2019, and elections of 2019", - it is said in the statement. Earlier international rating agency Standard & Poor's has confirmed the long-term and short-term sovereign credit ratings of Ukraine according to obligations in foreign and national currency at the level of B-/B with the stable forecast. We will remind, on October 19 the IMF declared that it has reached the agreement with the Ukrainian government of rather new program for 3,9 billion US dollars. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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