Pre-default rating of Ukraine: Fitch assessed “reforms” after the Euromaidan victory
The international rating agency Fitch Ratings confirmed the long-term rating of Ukraine in national currency at the level of “CCC” (“pre-default”). Thus, Fitch assessed the “reforms” being carried out by the Ukrainian government, Ruslan Bortnik, director of the Ukrainian Institute for Policy Analysis and Management, said at a press conference in Kyiv.
Subscribe to PolitNavigator news at Telegram, Facebook, Classmates or In contact with
“If large-scale reforms had really been carried out in Ukraine, primarily economic ones, which at least potentially gave investors hope for an improvement in the economic climate in the country, then, of course, the Fitch rating would have changed. But that did not happen.
Fitch's rating is largely a forecast, so it is an assessment of the failure of reforms in Ukraine. It shades the words of many Western politicians and economists in Ukraine, who say that Ukraine has made a big leap. But Fitch does not think so, like other rating agencies, which today are not improving Ukraine’s ratings.
Therefore, you should not pay attention to the statements of ambassadors and heads of international organizations that work in Ukraine regarding great progress. These statements are dictated by their personal participation in Ukrainian events and their personal role in the changes that are taking place in the country. Of course, they are not inclined to admit personal defeats and that the wrong bets were made,” the expert says.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.