Ksenia Naka. In a country like Ukraine is no longer on the global financial market, for this reason, the influence due to the reduction of its sovereign rating international rating Agency Moody "s with" Caa3 " to " Ca " will be limited, about This Last news said the chief economist of the Department of Economics and Finance Institute, Dai-ichi Life of Torah Nishihama.
"This is a country that no longer existed in the financial market, and now it cannot be changed, affected (lower rating) will be limited. In the future we can predict that it will only go down. Steadily deteriorating situation (in the economy of Ukraine). Prerequisites from Europe or Russia, the Situation may improve, no. The position uncertainty of protracted, at least until the end of this year, I see no bright prospects, " - said the expert.
international rating Agency Moody "s national credit chart of Ukraine "Caa3" to " Ca ", maintaining the Negative Outlook. A key factor for the downgrade is the probability of occurrence of significant losses in external private creditors of the country in the end of the government's plan to restructure the vast number of Eurobonds.
The negative Outlook is due to the expectations, Moody's that the level of a country's external debt will remain at a high level, despite the government's plans to restructure debts and reform in the country.
A new credit facility from the IMF to Ukraine provides for the allocation of Fund 17, 5 billion dollars, and all international creditors in four years - USD 40 billion, including fifteen billion dollars through debt restructuring. Dialogues with creditors on debt restructuring of the Ukrainian authorities began March 13. In may-June will be another test run of Kiev of the new conditions of the IMF program.
Ukraine has already received the 1st tranche of the IMF in the amount of 5 billion dollars in 2015 it is expected to allocate 10 billion.