Foreign interest in Ukrainian government debt may pick up further given the country's improving credit profile after a $15 IMF billion deal and a rating upgrade from S&P, analysts say. The International Monetary Fund board on Wednesday approved a new programme for Ukraine after months of tense negotiations that focused on unpopular measures to cut the country's fiscal deficit.
On Thursday, rating agency Standard & Poor's raised Ukraine's long-term foreign currency rating by one notch to B+ saying the deal increased chances for "stability-oriented policy measures" and made Ukraine less vulnerable to external shocks.
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