UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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Comments: Ukrainian Loans Will Become Cheaper, but not until this Autumn

“Stable-to-positive revision of the long-term outlook of Ukraine’s Issuer Default Rating by Fitch Ratings is a good signal for overseas creditors of the Ukrainian government, private banks, and companies,” says Vladimir Kompaniets, COO at KreditMarket. “In my opinion, this news will trigger processes important for the national financial market – the foreign creditors and investors will start decreasing their risk indices for Ukraine in general.”

According to the expert, as early as this mid-autumn the Ukrainian banks and companies are expected to get cheaper financial resources “by reason of decreasing national risk indices that inevitably result in cutting of cost of funds borrowed from abroad.”

As reported, on 21 July the international rating agency Fitch Ratings revised its long-term outlook of Ukraine’s foreign and local currency Issuer Default Rating (IDR) from stable to positive and confirmed ‘В/В’ long-term and short-term IDRs. Also, at that time Ukraine's Country Ceiling was affirmed at its 'B' level.

 
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