S&P expects that Kiev will be able to meet its short-term liabilities in 2017.
The international rating Agency S&P Global Ratings evaluates the credit institutions of the principal amount and interest on the obligations during the 2017-2020 years more than $20 billion, or about 21% of GDP in 2017.
This was reported in the review of the S&P.
The Agency expects that Ukraine will fully perform its short-term liabilities on sovereign debt in 2017 (according to S&P, the country will have to pay $2.6 billion) and 2018 ($3.9 billion), with funds from official creditors, the existing reserves of foreign currency, the NBU and the government’s ability to raise financing in the domestic and foreign markets.
S&P also expects this year’s successful placement of Ukrainian government Eurobonds that will allow you to test the market situation.
At the same time, noted in the review of the Agency, payment of the obligations in 2019 in the amount of $7.5 billion, mainly repayments on sovereign Eurobonds and payments to international financial institutions, including $1 billion to the United States Agency for international development (USAID) – still depend on the ability of the government to carry out reforms required by the IMF program, and the ability to refinance part of the debt using funds raised on international markets.
S&P also notes the large volume of contingent liabilities of the country, which is currently pending in the courts: Ukraine issued Eurobonds worth $3 billion, the holder of which is Russia, and the claim of Gazprom to Naftogaz in connection with defaults on the contract “take or pay” (take-or-pay) in the amount of $31.8 billion.
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