S&P improves Ukraine ratings outlook to stable from negative:
"Standard & Poor's has changed the outlook on its "B-" long-term foreign- and local currency ratings assigned to Ukraine to stable from negative, the agency said in a press release.
The outlook on the ratings was revised following the announcement of a financial support package from Russia.
"In our view, Ukrainian external and fiscal funding challenges have been significantly reduced by the announcement of a financial support package from Russia," reads the press release.
The stable outlook reflects S&P's view that the $15 billion (about 8% of 2014 GDP) in direct financing, which Russia announced on December 18, 2013, that it would provide to the Ukrainian government, should cover the government's external financing needs over the next 12 months."
'via Blog this'
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