The international rating agency Standard&Poors has affirmed Ukraine’s long-term foreign and national currency ratings at “B” level, short-term “B” ratings and ratings on the national scale “uaA,” the outlook on them is “stable.”
“Despite the strengthening of fundamental factors, including an increase in foreign exchange reserves, a modest budget deficit and a reduction in public debt to GDP, Ukraine faces risks associated with a deterioration in the global economy and finances,” the agency said on Saturday night.
S&P added that the effects of recent government shifts on the dynamics of reforms in Ukraine and the country’s relationship with key lenders are currently unclear.
