Announcements

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      Scope completed a monitoring review on Ukraine

      2/2/2024 Monitoring note EN

      Scope completed a monitoring review on Ukraine

      The periodic review has resulted in no rating action.

      Scope completed a monitoring review on Ukraine

      27/10/2023 Monitoring note EN

      Scope completed a monitoring review on Ukraine

      The periodic review has resulted in no rating action.

      Scope affirms Ukraine's foreign-currency issuer ratings at CC and maintains Negative Outlook

      12/5/2023 Rating announcement EN

      Scope affirms Ukraine's foreign-currency issuer ratings at CC and maintains Negative Outlook

      Ukraine’s CC foreign-currency issuer ratings reflect expectation of debt treatment by 2024, for meeting the external financing gap. The revision of the Outlook on domestic debt to Stable reflects reduced likelihood of restructuring of domestic debt.

      Scope completed a monitoring review of Ukraine

      18/11/2022 Monitoring note EN

      Scope completed a monitoring review of Ukraine

      Monitoring review announcement

      Scope upgrades Ukraine’s foreign-currency ratings to CC with Negative Outlook

      22/8/2022 Rating announcement EN

      Scope upgrades Ukraine’s foreign-currency ratings to CC with Negative Outlook

      Completion of foreign debt restructuring informs sovereign credit rating upgrade.

      Scope downgrades Ukraine's foreign-currency ratings to SD

      16/8/2022 Rating announcement EN

      Scope downgrades Ukraine's foreign-currency ratings to SD

      Foreign debt restructuring drives the sovereign credit rating downgrade to selective default (SD).

      Scope downgrades Ukraine's foreign-currency ratings to C with ratings under review

      22/7/2022 Rating announcement EN

      Scope downgrades Ukraine's foreign-currency ratings to C with ratings under review

      Request for foreign debt restructuring drives the sovereign credit rating downgrade.

      Scope confirms Ukraine's sovereign ratings of CCC and assigns Negative Outlook

      17/6/2022 Rating announcement EN

      Scope confirms Ukraine's sovereign ratings of CCC and assigns Negative Outlook

      Severe recession, potential of debt restructuring, and weakening of external sector underscore Negative Outlook. Significant international funding and political support, and pre-crisis improvement of economic framework, underpin ratings.

      Scope downgrades Ukraine's sovereign ratings to CCC with ratings under review for developing outcome

      1/3/2022 Rating announcement EN

      Scope downgrades Ukraine's sovereign ratings to CCC with ratings under review for developing outcome

      Russia’s military invasion of Ukraine and associated severe credit implications drive the rating downgrade. Uncertainties surrounding evolution of the conflict and ongoing weakening of credit fundamentals drive rating review.

      Scope assigns Ukraine first-time sovereign ratings of B with Negative Outlook

      28/1/2022 Rating announcement EN

      Scope assigns Ukraine first-time sovereign ratings of B with Negative Outlook

      Improvements of economic policy framework, reserve build-up, reduction in public debt and multilateral support abet ratings*. Elevated geopolitical risk, high external financing needs, restricted market access and record of default reflect challenges.