R&I affirms Ukraine's B+ rating.

By bne IntelliNews August 21, 2012
Rating and Investment Information (R&I) has affirmed Ukraine's long-term, foreign-currency rating of B+, the FinMin has announced. The outlook on the rating is stable. The agency noted that Ukraine is becoming increasingly vulnerable to the external economic and financial environment. On July 12, Fitch Ratings has affirmed Ukraine's Long-term foreign currency and local currency Issuer Default Ratings (IDRs) at B with a stable outlook. The agency also affirmed the Short-term IDR at B and the Country Ceiling at B. In March 2012, Standard&Poor's has revised its outlook on the sovereign credit ratings of Ukraine to negative from stable. At the same time the rating agency affirmed its B+/B long- and short-term local and foreign currency sovereign ratings on Ukraine. S&P lowered the long-term Ukraine national scale rating to uaA+ from uaAA-.

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