Ukrainian Credit-Rating Outlook Raised to Stable at S&P - Bloomberg:
"Ukraine had its credit-rating outlook raised to stable from negative by Standard & Poor’s after the country obtained a $17 billion bailout loan from the International Monetary Fund.
S&P maintained the eastern European nation’s rating at CCC, eight levels below investment grade. It cut its assessment from CCC+ on Feb. 21 amid deadly street protests that unseated President Viktor Yanukovych.
“Full disbursement of the IMF program and related multilateral lending should enable Ukraine to meet its external financing needs over the next year,” S&P analysts said in an e-mailed statement. “However, we still consider that there is a significant likelihood that the IMF program could be derailed by geopolitical risks and a severe recession that puts pressure on the program’s macroeconomic expectations.”"
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