30747
Moody’s Predicts 2% Growth in Ukraine
World Economy

Moody’s Predicts 2% Growth in Ukraine

Moody’s Investors Service predicts that the Ukrainian economy will grow by 2% per annum on the average, starting from 2016, on condition there is a positive policy track record of structural reforms, the agency said in a statement.
“Upward pressure on Ukraine’s rating and/or outlook would derive from a more robust economic recovery than the weak, roughly 2% per annum growth that we anticipate. An upgrade would likely require additional factors to be in place, including a positive policy track record of structural reforms, successful implementation of anti-corruption measures and positive debt dynamics,” the statement reads, UNIAN reported.
Moody’s has recently announced that it upgraded Ukraine’s government issuer rating to Caa3 from Ca, changing the rating outlook to “stable” from “negative.”
Moody’s says the stable outlook on the government’s Caa3 rating reflects the current balance of risks, taking into account a stronger external position, including an easing of debt service requirements plus continuing multilateral/bilateral support, against a still highly fragile political and economic situation.
“The upside risks include the potential for an economic recovery that is stronger than anticipated and a stabilization, or potentially an improvement, of Ukraine’s fiscal strength during the IMF program period, and an increased compliance with the Minsk Peace Protocol and reduced violence in the Kiev government’s confrontation with pro-Russian separatists in the eastern regions of the country,” Moody’s said.
As UNIAN reported earlier, Fitch Ratings and Standard & Poor’s Ratings Services also revised upwards Ukraine’s rating against the backdrop of the completion of the debt swap deal. Ukraine’s Finance Ministry welcomed the rating agencies’ actions.

Short URL : https://goo.gl/ODxolG
  1. https://goo.gl/xXgxj7
  • https://goo.gl/dk4Opb
  • https://goo.gl/9OK5j5
  • https://goo.gl/23ZRc8
  • https://goo.gl/XKuYG4

You can also read ...

Thai CB Retains Key Rate
Thailand’s central bank on Wednesday left its key interest...
China and India continue to remain the most promising investment destinations in 2017.
Developing Asia is expected to witness a 15% increase in...
Brazil Raises Deficit Ceiling
Brazil is raising its deficit ceiling for this year and 2018...
Elon Musk, Kevin Plank, Bob Iger, Richard Trumka, Kenneth Carleton Frazier
The honeymoon is definitely over. When US President Donald...
Riksbank is under pressure to tighten its ultra-loose monetary policy.
Underlying inflation topped the Swedish central bank’s target...
Crude oil accounts for 96% of exports and around half of state revenue.
Venezuela might look bad right now amid protests, scarce food...
At 310% GDP, China’s banking sector is above the advanced economy average and nearly three times  the emerging market average.
China's economy is looking good enough that the International...
US Household Debt at $12.8 Trillion
US household debt reached a new record in the second quarter,...

Trending

Googleplus