International rating agency Moody’s has upgraded the Government of Ukraine’s long-term issuer and senior unsecured ratings to B3 from Caa1. The rating’s outlook is stable. According to Moody’s, the key factor driving the upgrade is the easing of Ukraine’s near-term funding challenges and the safeguards afforded to recent improvements in its external vulnerability as a result of the announced new financing program with the International Monetary Fund. The rating update reflects Moody’s expectation the IMF program will help anchor the progress of the reforms achieved in recent years.
Read more about Ukraine in the international ratings.
