Moody's has affirmed Ukraine's credit rating at "Ca", citing the lingering economic and financial consequences of the war with russia and uncertainty over peace talks with moscow.
Reuters reports this.
"Growth prospects remain subdued as challenging security conditions, labour shortages and attacks on energy infrastructure continue," Moody's said, maintaining a stable outlook for Ukraine.
On its website, the rating agency defines obligations rated "Ca" as "highly speculative and and likely in, or very near, default, with some prospect of recovery in principal and interest."
Moody's forecasts that Ukraine's GDP growth will slow to 2.5% in 2025 from 2.9% in 2024, adding that it expects economic growth to remain "moderate" in 2026 and 2027. Rival rating agency Fitch last week affirmed Ukraine's long-term foreign currency sovereign credit rating at "Limited Default" as the country continues to face diplomatic tensions and a significant deterioration in its financial position.
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