SyuzhetyRossiyskie loans to countries SNG10.02.2009Peregovory Ukraine to the Russian Ministry of Finance was forced to leave the IMF delegation KievaKommentariiPredvyborny kredit10.02.2009Premer-Minister of Ukraine has requested assistance from KremlyaMezhdunarodnoe agency Fitch Ratings has once again lowered the long-term rating of Ukraine in foreign and the national currency. February 13 rating was downgraded from "B +" to "B", informs UNIAN. The Agency has also left a "negative" outlook on the rating.
Remember, during the past three years, Fitch Ratings revised Ukraine's downward. In May, Fitch worsened the outlook for the sovereign rating of Ukraine to the "positive" to "stable." In late September, Fitch changed the outlook on the country's rating from "stable" to "negative", but confirmed the long-term rating of the country's foreign and local currency at "BB-", a short-term - at the level of "B". In October, the Agency has revised the long-term rating of Ukraine from "BB-" to "B +", the "negative" outlook on the rating.
The reason for the revision and reduction of the ratings and projections on them has become an unstable economic situation in the country and the risks caused by the financial crisis. In January of 2009 in the Ukrainian media has published a note attributed to the Minister of Finance of Ukraine Viktor Pynzenyk (resigned 12 February), which stated that the economy is on the verge of collapse.
The Government of Ukraine in 2008 has reached agreements with the International Monetary Fund for a loan of 16.5 billion dollars. The first tranche of a loan of 4,5 billion dollars has already received the Ukrainian side. February 11, 2009, Prime Minister of Ukraine Yulia Tymoshenko also asked the ambassadors of the Group of Seven "(G7) in the negotiations on the allocation of credits for the Ukrainian state budget deficit.
In early February this year, Tymoshenko said that Ukraine will provide a stabilization loan Russia. This is not called the Ukrainian prime conditions for the issuance of the loan. Later, the Russian Ministry of Finance confirmed that the negotiations in Moscow with representatives of the Ukrainian Ministry of Finance for a loan of 5 billion dollars, but a formal treatment from the authorities of Ukraine have been reported.
Saturday, February 14, 2009
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