Outlook stable: Fitch ratings has affirmed the rating of Ukraine

International rating Agency Fitch Ratings affirmed the long-term Issuer default rating of Ukraine in foreign and national currency at level “B-” with a stable Outlook.

This is stated on the official website of Fitch.

“The rating reflects the limited possibility of borrowings on foreign markets, a large public debt and slow structural reforms, and the underdeveloped banking sector and political risks”, – said the Agency.

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In turn, Fitch noted increasing the reliability and consistency of the policy, the forecast repayment of long-term sovereign debt and a track record of bilateral and multilateral support.

We will remind, recently the Ministry of economic development and trade has published a consensus forecast. Experts surveyed by the Ministry forecast GDP growth of 3%, inflation at 8% and the rate of 29,55 UAH/USD. at the end of 2018. Meanwhile, at the end of this year GDP growth will be 1.8%, with inflation at 12.2% and the exchange rate of 27.9 UAH/USD.

In 2019 and 2020 economic growth may reach 3.6% and 4%, inflation – 5.9% and 5%, meanwhile the rate of 29.9 UAH/USD. and 32 UAH/USD.

Outlook stable: Fitch ratings has affirmed the rating of Ukraine

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