S&P affirms Ukraine rating at 'B-/B' with stable outlook

Ukraine's national scale rating is confirmed at "uaBBB."

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S&P Global Ratings has affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlook is stable.

Ukraine's national scale rating is confirmed at "uaBBB" with a stable outlook, too, it said.

The agency noted that the stable outlook reflects expectations regarding Ukraine's compliance with the terms of the stand-by agreement with the International Monetary Fund, possibly with some delays, which will help maintain macroeconomic stability during the country's presidential and parliamentary elections.

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In addition, S&P expects Ukraine to retain access to both domestic and international capital markets, which will allow the country to repay debts in 2019.

As UNIAN reported earlier, Fitch Ratings in March 2019 affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook.

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