REUTERS
Continued engagement with the IMF will be important to sustain macroeconomic stability improvements.
Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook.
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"The completion of the fourth review under the IMF Extended Fund Facility (EFF) remains delayed. The government has made progress in terms of pension reform, obtained parliament's approval for the 2018 budget in line with program targets and an updated privatization bill. The legislation for the creation of an independent anti-corruption court is currently in parliament and could be considered by parliament in mid-May. However, it is not clear whether the final version will be in line with international partners' demands. Achieving an agreement with the IMF regarding household heating tariff hikes and risks to fiscal targets could further delay finalizing the review," Fitch Ratings said in a press release.
Nevertheless, continued engagement with the IMF and international partners during the 2019 electoral period and its aftermath will be important to sustain macroeconomic stability improvements, limit reversals in the reform agenda and maintain access to external market and official financing, it said.
As reported UNIAN earlier, in October 2017, Fitch affirmed Ukraine's Long-Term Foreign-Currency IDR at 'B-' with a Stable Outlook.