Moody's changes outlook on Ukraine's ratings to stable from negative.

By bne IntelliNews October 12, 2010
Moody's Investors Service has changed the outlook on Ukraine's B2 government bond ratings to stable from negative. The agency based its decision on the government's improved external liquidity following the new 2-1/2-year USD 15.1bn IMF stand-by agreement (SBA) and the successful USD 2bn Eurobond issue in September. The narrowing of Ukraine's macroeconomic imbalances as reflected in a significant balance-of-payments adjustment and more recently, a resumption of economic growth was also taken into account. Moody's has also changed to stable from negative the outlooks on Ukraine's B1 foreign currency bond ceiling and its B3 foreign currency deposit ceiling.

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