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S&P raises Ukraine’s credit rating from "SD" to "B-"

"The stable outlook assumes that over the next 12 months the Ukrainian government will maintain access to its official creditor support," S&P reported

© ITAR-TASS/Natalya Medvedeva

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LONDON, October 19. /TASS/. Standard & Poor's raised long-term issuer default ratings of Ukraine in foreign currency to "B-/B" from "SD/D" and in local currency to "B-/B" from "CCC+/C-", the international rating agency said on Monday.

"We view the risk of another default in the next two to three years as diminished due to the Ukrainian authorities' commitment to the reforms set out in the International Monetary Fund (IMF) program," the rating agency said.

"The stable outlook assumes that over the next 12 months the Ukrainian government will maintain access to its official creditor support," S&P reported.

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