KYIV (QHA) -
The international rating agency Moody's Investors Service (Moody's) upgraded the credit rating of the Ukrainian government to "Caa2" from "Caa3" and the outlook changed to positive from stable, the BBC reported.
 
According to the agency, Ukraine's government rating upgrade is based on two key factors.
 
The first is the cumulative impact of structural reforms, which, if continued, will improve the dynamics of government debt.
The second factor is a significant strengthening of Ukraine's external positions.
 
The Ukrainian government predicts  the growth of Ukraine's GDP at the level of 2% this year.
 
At the same time, the agency confirmed the low rating of "Ca" bonds in the amount of 3 billion dollars sold to Russia in December 2013.
 
 
PHOTO: Internet

QHA