KIEV, Sept. 19 - The resumption of cooperation with the International Monetary Fund under the EFF program is favorable for the credit rating of Ukraine, according to the Moody's international rating agency.

"The IMF's resumption of the EFF program has buoyed market confidence and we expect that it will ease pressure on the hryvnia, allowing the National Bank of Ukraine to relax certain foreign exchange controls. The program's resumption also paves the way for an additional $1 billion in U.S. guaranteed debt, a EUR600 million (approximately $675 million) loan from the European Union (subject to the passage of specific legislation) and a $500 million World Bank-guaranteed loan to finance gas purchases," Moody's experts said.