Ukraine is taken on world financial markets as a solvent and stable state, this is evidenced by increasing its ranking by leading international organizations - said Deputy Minister of Finance Andriy Kravets. These changes gain special significance in the context of Ukraine's preparations for EURO 2012 because the strong position of our country in the world financial market will help to raise investments in preparing championship facilities.
«Standard & Poor's upgraded Ukraine's sovereign rating, remove it from the category of "dangerous situation" and move to "sufficient capacity to meet financial obligations", - told Andriy Kravets. In addition, Mr. Kravets said that rate raising at the national scale presents on Ukraine's ability to timely and fully perform its obligations concerning the Ukrainian emitters. As said Deputy Minister that Standard & Poor's changed its outlook for Ukraine to positive and agency Fitch changed its forecast of defaults of emitters from negative to stable.
"This is basis in order to allow other agencies also upgrade ratings of our state. So far Ukraine more affably will take on global financial markets", - emphasized Andriy Kravets.
Andriy Kravets noticed that today there are all reasons to resume cooperation with international financial organizations, in particular with the International Monetary Fund. Recall that last year the allocation of the fourth tranche of the IMF loan program for stand-by has been suspended because of unstable economic and financial situation in the country. Currently, Ukraine has already received USD 10.9 billion of promised 16.4 billion loan. Part of these funds was directed to prepare state for EURO 2012, particularly for development of hotel infrastructure.
Information Centre “Ukraine – 2012”
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