Moody’s raised the sovereign rating of Ukraine to stable

Moscow. November 20. On Thursday the international rating Agency Moody’s Investors Service has today upgraded the government’s Issuer rating of Ukraine to Caa3 from Ca. The rating Outlook was changed from negative to stable.

As reported on the website of the rating Agency, nine new bonds, created in the debt exchange of Ukraine, was rated Caa3 and the ratings of 13 bonds, which they replaced, were removed.

The Fininpro Issuer rating was also raised to Caa3 from Ca, in accordance with the rating of the government.

The Agency raised the sovereign rating of the government in connection with the settlement of restructuring $ 15 billion of private Eurobonds issued or guaranteed by the government that facilitate the requirements for servicing debt and strengthen the external liquidity of the country. And in connection with progress in political and economic reforms under the auspices of the IMF which support the restoration of equilibrium in the economy and reduce public and external financial deficits.