Moody’s Investors Service upgraded the rating of the Ukrainian government in Ukrainian and foreign currency by one notch, from Caa3 to Caa2, and changed the outlook from stable to positive, as their website informs.
The upgrade of Ukraine’s government ratings to Caa2 from Caa3 is based on the cumulative impact of structural reforms that, if sustained, are expected to improve government debt dynamics, and the significant strengthening of Ukraine’s external position.
