Moody’s changes outlook on Ukraine’s B2 bond ratings to Stable
KIEV, Oct. 11 - Moody's Investors Service has changed the outlook on Ukraine's B2 government bond ratings to stable from negative.
"The main drivers for Moody's decision are as follows: the Ukrainian government's improved external liquidity following the new 2-1/2-year $15.1 billion IMF stand-by agreement (SBA) and the successful $2 billion eurobond issue in September; and the narrowing of Ukraine's macroeconomic imbalances as reflected in a significant balance-of-payments adjustment and more recently, a resumption of economic growth," reads the report. |