On November 10, 2017, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlook on the long-term foreign and local currency ratings is stable, S&P said in a statement.
"At the same time, we affirmed the 'uaBBB-' Ukraine national scale rating," S&P said.
"The stable outlook reflects our expectation that the Ukrainian government will maintain access to its official creditor support over the next 12 months by pursuing the required fiscal, financial, and economic reforms; specifically, that the Rada (parliament) will be able to pass key reforms broadly as set out by donors, thereby enabling the next disbursements under the International Monetary Fund (IMF) and EU aid programs," the report says.
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"We could consider a positive rating action if economic growth significantly outperforms our expectations, alongside improvements in fiscal and external imbalances, and there is no further deterioration in the situation in the east of the country," reads the report.