Ukraine ratings under review on macroeconomic policies - Moody`s

12:55, 28 March 2008
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For possible upgrade

Moody`s Investors Service placed Ukraine`s key sovereign ratings on review for possible upgrade, saying the political system has matured since the Orange Revolution and the current government is adopting reasonable and largely affordable macroeconomic policies in spite of the populist rhetoric that characterized last year`s parliamentary election campaign.

According to Thompson Financial, the ratings on review include the foreign-currency ceilings for bonds and bank deposits, which are `Ba3` and `B2` respectively, and the `B1` foreign- and local-currency government bond ratings.

The `Baa1` local currency country ceiling and `A3` bank deposit ceiling are affirmed with a stable outlook.

The agency expects that the country`s recent acceptance, and eventual accession, to the WTO will provide a stimulus to economic development going forward.

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