S&P raised Ukraine National Scale Rating
International rating agency revised criteria for countries national scale ratings.
S&P Global Ratings, international rating agency, raised its long-term national scale ratings on Ukraine to 'uaBBB' from 'uaBBB-' due to ratings criteria revision.
"Our global scale issuer and issue credit ratings on Ukraine are not affected by the rating action," S&P noted.
The agency recalled that National scale ratings express its opinion of the creditworthiness of an issuer or a debt instrument relative to other issuers and issues in a given country. The purpose is to provide a rank-ordering of credit risk within the country.
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