KYIV, April 15 – S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlook is stable.

"While the economy is growing and inflation is on a downward path, the financing outlook is uncertain for government foreign currency redemptions beyond 2019, when Ukraine will have to negotiate a fresh agreement with the International Monetary Fund (IMF)," S&P said.

Ukraine faces sizable external debt repayments against the backdrop of presidential and parliamentary elections in 2019.