S&P Affirms Sovereign Credit Ratings on Ukraine at 'B-/B'

© REUTERS / Brendan McDermid/FilesA view shows the Standard & Poor's building in New York's financial district
A view shows the Standard & Poor's building in New York's financial district - Sputnik International
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Standard & Poor's Ratings Services's affirmation reflects the progress Ukraine has made during 2015 in restructuring its debt, while passing major reforms, according to Standard & Poor's statement.

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MOSCOW (Sputnik) — Standard & Poor's Ratings Services has affirmed its 'B-/B' long-and short-term local and foreign sovereign credit ratings on Ukraine, the company said Friday.

"We are affirming our 'B-/B' ratings on Ukraine," S&P said in a statement.

"The affirmation reflects the progress Ukraine has made during 2015 in restructuring its debt, while passing major reforms," the statement said.

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