International rating Agency Fitch Ratings affirmed long-term Issuer default rating of Ukraine in foreign and national currency at level “B”, which was awarded in September last year.
This is stated in an official statement the Agency released Monday.
“Fitch Ratings confirmed long-term default rating of Issuer in foreign and local currencies at B level. The Outlook is positive,” – noted in the updated report on Ukraine.
The Agency noted that the positive rating is based on expectations that Ukraine will continue cooperation with the IMF under the long-term eff. This will help maintain a steady lower refinancing risks by facilitating access to additional external financing (official and market), strengthening macro-financial stability and financial sustainability as well as reducing the possibility to cancel the reforms.”
It is noted that Ukraine has made significant progress in the adoption of several reforms at the legislative level, which will contribute to growth prospects.