S&P: Ukraine unaffected

Standard & Poor's said the political crisis in Ukraine (B+/stable/B), triggered by the recent disputed presidential elections, has so far had no negative affect on the sovereign credit rating.

"High political risk and uncertainty have always been the key constraining factors to the B+ rating on Ukraine. Even before the current political crisis, policy implementation was continuously impeded by a highly polarized political environment, vested interests and weak institutions," said S&P credit analyst Konrad Reuss.

S&P said improvements in external liquidity and government debt levels, together with the recent robust economic performance and strengthened economic structure, counterbalance the high political risk.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.