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Dynamics of ukraine's sovereign credit ratitgs as of 2004 2019-april

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Ministry of Finance of Ukraine
Ministry of Finance of Ukraine

This document summarizes credit ratings and outlooks assigned to a country by S&P, Fitch, and Investors rating agencies from 2014 to 2019. It shows changes over time in foreign currency ratings, local currency ratings, national scale ratings, and outlooks. Ratings and outlooks are updated periodically as the agencies monitor the country's economic and political environment.

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Dynamics as of 2014- December 2018 Rating agency Foreign currency rating Local currency rating National scale rating on the country Outlook Assignment date/ Confirmation date Long-termdebt Short-termdebt Long-termdebt Short-termdebt (S&P) B + ↑ B B + ↑ Stable 20 July 2004 14 Apr 2005 - ↑ Stable 11 May 2005 - Stable 3 Oct 2005 - Stable 30 Aug 2006 - Negative ↓ 05 Apr 2007 - Negative 2 Aug 2007 B + ↓ B - ↓ Stable ↑ 12 June 2008 B + B - uaAA CreditWatch* 15 Oct 2008 ↓ B + ↓ uaA+ ↓ Negative 24 Oct 2008 B + CreditWatch 16 Feb 2009 ↓ ↓ - ↓ ↓ uaBBB Negative 25 Feb 2009 - Positive ↑ 31 July 2009 - uaBBB Stable ↓ 30 Oct 2009 - ↑ B ↑ ↑ Positive ↑ 11 March 2010 uaA ↑ 17 March 2010 B ↑ B ↑ B+ ↑ B uaA+ ↑ Stable ↑ 17 May 2010 B B B+ B uaA+ CreditWatch 22 July 2010 B+ ↑ B BB- ↑ B uaAA- ↑ Stable 29 July 2010 B+ B B+ ↓ B uaAA- Stable 13 Sep 2011 B+ B B+ B uaA+ ↓ Negative ↓ 15 March 2012 ↓ B ↓ B uaA- ↓ Negative 7 Dec 2012 uaA- Negative 16 May 2013 - ↓ - ↓ - ↓ Negative 1 Nov 2013 - - - Stable ↑ 26 Dec 2013 C + ↓ C ↓ B- B uaBB+ ↓ Negative 28 Jan 2014 C ↓ C B- B uaBB+ Negative 21 Feb 2014 C C B- B uaBB+ Stable ↑ 11 July 2014 C - ↓ C C + ↓ C ↓ uaB+ ↓ Negative ↓ 19 Dec 2014 ↓ C C + C uaB+ Negative 10 Apr 2015 C C + C uaB+ Negative 28 Aug 2015
SD ↓ SD ↓ C + C uaB+ 25 Sep 2015 -/D ↑ ↑ - ↑ ↑ uaB+ Stable ↑ 19 Oct 2015 -/D - - ↑ Stable 11 Dec 2015 - - - ↑ Stable 10 June 2016 - - - Stable 9 Dec 2016 - - - Stable 12 May 2017 - - - Stable 10 Nov 2017 - - - Stable 20 Apr 2018 - - Stable 19 October 2018 - - Stable 12 April 2019 Rating agency Foreign currency rating Local currency rating National scale rating on the country Outlook Assignment date/ Confirmation date Long-termdebt Short-termdebt Long-termdebt Short-termdebt (Fitch) - ↑ - ↑ - Stable 21 Jan 2005 - - - Positive ↑ 8 June 2005 - - - Stable ↓ 12 Jan 2006 Stable 26 June 2006 - - - Positive ↑ 25 Oct 2006 - - - Positive 18 March 2008 - - - Stable ↓ 14 March 2008 - - - Negative ↓ 25 Sep 2008 B + ↓ B B + ↓ - Negative 17 Oct 2008 B ↓ B B ↓ - Negative 12 Feb 2009 AA(ukr) ↓ Stable 13 Feb 2009 B B B - Negative 14 Oct 2009 - ↓ B - ↓ - Negative 12 Nov 2009 AA-(ukr) Stable 13 Nov 2009 - B - - Stable ↑ 17 March 2010 B ↑ B B ↑ - Stable 06 July 2010 AA(ukr) ↑ Stable 07 July 2010 B B B - Stable 15 Sep 2010 B B B - Positive ↑ 21 July 2011 *** 2 Sep 2011 B B B - Stable ↓ 19 Oct 2011 B B B - Stable 10 July 2012
B B B - Negative ↓ 28 June 2013 - ↓ - ↓ - Negative 8 Nov 2013 ↓ ↓ - - Negative 7 Feb 2014 - - Negative 28 Feb 2014 ↓ - 22 Aug 2014 ↓ - 13 Feb 2015 - 7 Aug 2015 ↓ 27 Aug 2015 RD ↓ RD ↓ 6 Oct 2015 ↑ ↑ 18 Nov 2015 13 May 2016 22 July 2016 B- ↑ B ↑ B- ↑ B ↑ Stable ↑ 11 Nov 2016 B- B B- B Stable 28 Apr 2017 B- B B- B Stable 27 Oct 2017 B- B B- B Stable 27 Apr 2018 B- B B- B Stable 26 October 2018 B- B B- B Stable 8 March 2019 Rating agency Foreign currency rating Local currency rating National scale rating on the country Outlook Assignment date/ Confirmation date Long-termdebt Short-termdebt Long-termdebt Short-termdebt Investors - - - Positive ↑ 8 Sep 2004 - - Developing ** 1 Dec 2004 - - Stable ↑ 24 May 2006 - - Positive ↑ 10 Nov 2006 - - Positive 8 Aug 2008 - - Stable ↑ 20 Oct 2008 - - CreditWatch 24 Feb 2009 ↓ - ↓ - Negative 12 May 2009 - - Stable ↑ 11 Oct 2010 - - Negative ↓ 15 Dec 2011 ↓ - ↓ - Negative 05 Dec 2012 ↓ - ↓ - Review for downgrade 20 Sep 2013 ↓ - ↓ - Negative 31 Jan 2014 ↓ - ↓ - Negative 04 July 2014
*Credit Rating monitoring; **The new category of credit ratings outlook "developing" has been used by the agency for the first time and means that the agency's analysts are paying a lot of attention to the events taking place in the country at the moment; ↑↓ change of rating / outlook. *** Confirmed and revoked Country Rating on a national scale, due to technical changes in the Fitch agency's analytical process. ↓ - ↓ - Negative 24 March 2015 ↑ - ↑ - Stable ↑ 19 Nov 2015 ↑ - ↑ - Positive ↑ 25 Aug 2017 ↑ - ↑ - Stable 21 Dec 2018

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Dynamics of ukraine's sovereign credit ratitgs as of 2004 2019-april

  • 1. Dynamics as of 2014- December 2018 Rating agency Foreign currency rating Local currency rating National scale rating on the country Outlook Assignment date/ Confirmation date Long-termdebt Short-termdebt Long-termdebt Short-termdebt (S&P) B + ↑ B B + ↑ Stable 20 July 2004 14 Apr 2005 - ↑ Stable 11 May 2005 - Stable 3 Oct 2005 - Stable 30 Aug 2006 - Negative ↓ 05 Apr 2007 - Negative 2 Aug 2007 B + ↓ B - ↓ Stable ↑ 12 June 2008 B + B - uaAA CreditWatch* 15 Oct 2008 ↓ B + ↓ uaA+ ↓ Negative 24 Oct 2008 B + CreditWatch 16 Feb 2009 ↓ ↓ - ↓ ↓ uaBBB Negative 25 Feb 2009 - Positive ↑ 31 July 2009 - uaBBB Stable ↓ 30 Oct 2009 - ↑ B ↑ ↑ Positive ↑ 11 March 2010 uaA ↑ 17 March 2010 B ↑ B ↑ B+ ↑ B uaA+ ↑ Stable ↑ 17 May 2010 B B B+ B uaA+ CreditWatch 22 July 2010 B+ ↑ B BB- ↑ B uaAA- ↑ Stable 29 July 2010 B+ B B+ ↓ B uaAA- Stable 13 Sep 2011 B+ B B+ B uaA+ ↓ Negative ↓ 15 March 2012 ↓ B ↓ B uaA- ↓ Negative 7 Dec 2012 uaA- Negative 16 May 2013 - ↓ - ↓ - ↓ Negative 1 Nov 2013 - - - Stable ↑ 26 Dec 2013 C + ↓ C ↓ B- B uaBB+ ↓ Negative 28 Jan 2014 C ↓ C B- B uaBB+ Negative 21 Feb 2014 C C B- B uaBB+ Stable ↑ 11 July 2014 C - ↓ C C + ↓ C ↓ uaB+ ↓ Negative ↓ 19 Dec 2014 ↓ C C + C uaB+ Negative 10 Apr 2015 C C + C uaB+ Negative 28 Aug 2015
  • 2. SD ↓ SD ↓ C + C uaB+ 25 Sep 2015 -/D ↑ ↑ - ↑ ↑ uaB+ Stable ↑ 19 Oct 2015 -/D - - ↑ Stable 11 Dec 2015 - - - ↑ Stable 10 June 2016 - - - Stable 9 Dec 2016 - - - Stable 12 May 2017 - - - Stable 10 Nov 2017 - - - Stable 20 Apr 2018 - - Stable 19 October 2018 - - Stable 12 April 2019 Rating agency Foreign currency rating Local currency rating National scale rating on the country Outlook Assignment date/ Confirmation date Long-termdebt Short-termdebt Long-termdebt Short-termdebt (Fitch) - ↑ - ↑ - Stable 21 Jan 2005 - - - Positive ↑ 8 June 2005 - - - Stable ↓ 12 Jan 2006 Stable 26 June 2006 - - - Positive ↑ 25 Oct 2006 - - - Positive 18 March 2008 - - - Stable ↓ 14 March 2008 - - - Negative ↓ 25 Sep 2008 B + ↓ B B + ↓ - Negative 17 Oct 2008 B ↓ B B ↓ - Negative 12 Feb 2009 AA(ukr) ↓ Stable 13 Feb 2009 B B B - Negative 14 Oct 2009 - ↓ B - ↓ - Negative 12 Nov 2009 AA-(ukr) Stable 13 Nov 2009 - B - - Stable ↑ 17 March 2010 B ↑ B B ↑ - Stable 06 July 2010 AA(ukr) ↑ Stable 07 July 2010 B B B - Stable 15 Sep 2010 B B B - Positive ↑ 21 July 2011 *** 2 Sep 2011 B B B - Stable ↓ 19 Oct 2011 B B B - Stable 10 July 2012
  • 3. B B B - Negative ↓ 28 June 2013 - ↓ - ↓ - Negative 8 Nov 2013 ↓ ↓ - - Negative 7 Feb 2014 - - Negative 28 Feb 2014 ↓ - 22 Aug 2014 ↓ - 13 Feb 2015 - 7 Aug 2015 ↓ 27 Aug 2015 RD ↓ RD ↓ 6 Oct 2015 ↑ ↑ 18 Nov 2015 13 May 2016 22 July 2016 B- ↑ B ↑ B- ↑ B ↑ Stable ↑ 11 Nov 2016 B- B B- B Stable 28 Apr 2017 B- B B- B Stable 27 Oct 2017 B- B B- B Stable 27 Apr 2018 B- B B- B Stable 26 October 2018 B- B B- B Stable 8 March 2019 Rating agency Foreign currency rating Local currency rating National scale rating on the country Outlook Assignment date/ Confirmation date Long-termdebt Short-termdebt Long-termdebt Short-termdebt Investors - - - Positive ↑ 8 Sep 2004 - - Developing ** 1 Dec 2004 - - Stable ↑ 24 May 2006 - - Positive ↑ 10 Nov 2006 - - Positive 8 Aug 2008 - - Stable ↑ 20 Oct 2008 - - CreditWatch 24 Feb 2009 ↓ - ↓ - Negative 12 May 2009 - - Stable ↑ 11 Oct 2010 - - Negative ↓ 15 Dec 2011 ↓ - ↓ - Negative 05 Dec 2012 ↓ - ↓ - Review for downgrade 20 Sep 2013 ↓ - ↓ - Negative 31 Jan 2014 ↓ - ↓ - Negative 04 July 2014
  • 4. *Credit Rating monitoring; **The new category of credit ratings outlook "developing" has been used by the agency for the first time and means that the agency's analysts are paying a lot of attention to the events taking place in the country at the moment; ↑↓ change of rating / outlook. *** Confirmed and revoked Country Rating on a national scale, due to technical changes in the Fitch agency's analytical process. ↓ - ↓ - Negative 24 March 2015 ↑ - ↑ - Stable ↑ 19 Nov 2015 ↑ - ↑ - Positive ↑ 25 Aug 2017 ↑ - ↑ - Stable 21 Dec 2018