KYIV (QHA) -
Fitch Ratings has risen the long-term rating of Ukraine in foreign and local currency.
From crisis index CCC, meaning that the state should carry out urgent measures to strengthen the economy, to avoid default, Ukraine has raised to B, which is nominally shows that the economy has a margin of safety, allowing it to function properly and to meet its financial obligations without further measures over the long term.

A positive sign for the Ukrainian economy is the fact that the foreign exchange reserves of Ukraine for 10 months increased from $ 2 billion to $ 15.5 billion, which completely covers the current external payments of Ukraine for three and a half months.

Ukraine was assigned a crisis rating a year ago due to the delay in making payments on Eurobonds.

Photo: Internet
 

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