Moody's expects modest annual GDP growth in Ukraine

"Moody's expects modest annual GDP growth averaging 2.5% in 2017-2018 and believes that a combination of better economic conditions and falling interest rates will help to stimulate credit demand and improve the repayment capacity of existing borrowers," it said on August 30.

Read alsoMoody's upgrades rating of six Ukrainian banksAs UNIAN reported earlier, Moody's Investors Service on August 25 upgraded the government of Ukraine's local and foreign currency issuer and senior unsecured ratings to Caa2 from Caa3, and changed the rating outlook to positive from stable. Consequently, Moody's upgraded to Caa2 from Caa3 the ratings of Ukraine's nine senior unsecured eurobonds issued in the context of the government's debt exchange operation in November 2015.