S&P affirms ratings on Ukraine at 'B-/B' with stable outlook

It is reported pressure on the ratings could build if a lack of funding from external donors calls into question Ukraine's ability to meet large external repayments.

"At the same time, we affirmed our 'uaBBB-' Ukraine national scale rating on Ukraine," S&P said in a statement. "The stable outlook reflects our expectation that the Ukrainian government will pass reforms necessary to draw a fifth tranche under its Extended Fund Facility (EFF) with the International Monetary Fund (IMF). Those funds, combined with additional disbursements from international donors, would help Ukraine to meet its external repayments coming due over the next 12 months," the report says.

READ MORE HERE