KIEV, Sept. 16 – The breakup of the majority coalition in Ukraine was not an unexpected event and it won't have an immediate influence on the sovereign credit ratings on the country, the international rating agency Standard & Poor's said on Tuesday.

"Since the 2004 "Orange Revolution" there has been frequent turnover of governments in the country," says S&P. "The increasingly abbreviated electoral cycle has fostered pro-cyclical fiscal policy and impeded progress on privatization and structural reforms."