R&I upgrades outlook for Ukraine's foreign currency issuer rating.

By bne IntelliNews August 6, 2010
Japan's rating agency, Rating and Investment Information, Inc. (R&I), has upgraded the outlook for Ukraine's foreign currency issuer rating 'B+' from negative to stable, the agency said in a statement posted on its website. Such a decision has been stipulated by the improvement in the country's political situation, fiscal financing, economic conditions and the resumption of cooperation with the International Monetary Fund (IMF). R&I said that the receipt by Ukraine of a USD 15.15bn loan from the IMF had reduced the concern over the government's fiscal financing in the short term. To remind you, earlier Standard & Poor's raised Ukraine's long-term foreign currency issuer rating from 'B' to 'B+,' whereas the country's long-term local currency rating was upgraded from 'B+' to 'BB-.' The rating outlook is stable.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335