S&P: Ukraine unchanged

Standard & Poor's said its BB-/stable/B foreign and BB/stable/B local currency sovereign credit ratings on Ukraine would not be affected by President Viktor Yushchenko's decision to dismiss his government.

The bickering between the Administration and the government, which escalated in recent weeks, made implementation of meaningful political and economic reform impossible, the agency said.

S&P noted the ratings on Ukraine continue to be supported by strong growth potential, relatively robust external liquidity, low government debt levels and a better-than-expected fiscal performance thus far in 2005.

© 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.