Ukraine’s country credit rating was left at the “SS” level by the international organization Fitch. This was reported by TASS.
This means that a default has not occurred yet, but it is likely to occur.
“The main factor shaping this assessment is the continuation of the conflict with Russia, which reduces the predictability of forecasts and the credit attractiveness of the country,” the publication said.
According to Fitch’s forecast, conflicts will continue in 2024 as Ukraine’s counter-offensive fails and Ukraine does not have the power to change the situation in its favor.
In addition, the agency takes into account the uncertainty regarding the continuation of foreign aid from the US and the EU, Ukraine’s state budget deficit and high levels of public debt.
According to Fitch’s forecast, an improvement in the economic situation is possible with a decrease in the intensity of military conflicts, the return of some refugees and an increase in the state’s foreign exchange reserves.
December 5, international rating agency Moody’s got worse Forecasts for China’s credit ratings have been made for the first time since 1989.
November 14 US Treasury He did not accept Moody’s decided to lower the debt outlook.
Previously Moody’s changed The rating outlook for the USA is negative.
Source: Gazeta
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