Page 59 - UKRRptJul20

8.3 ​Stock market
8.3.1 ​Equity market dynamics
8.4 ​International ratings
Kazakhstan-based Freedom Holding Corp. has bought a 20% equity stake in the Ukrainian Exchange,​ one of Ukraine’s two leading securities markets. With its shares traded on New York’s Nasdaq Capital Market, Freedom Holding is a financial services company strong in the former Soviet Union -- Kazakhstan, Kyrgyzstan, Russia, Ukraine, and Uzbekistan. With 13 offices in Ukraine, Freedom is a licensed participant on the Exchange, located in Kyiv’s Horizon Office Tower. Freedom recently purchased a 13% interest in the St. Petersburg Stock Exchange.
Ukraine - Rating agency
as of July 1, 2020
last change
Moodys (USD rating)
B3 (S)
15/06/20
Fitch (USD rating)
B (S)
24/04/20
S&P
B (S)
27/09/19
Ukraine’s credit ratings have been improving but the country is still rated junk by the three main agencies.
Moody’s upgraded Ukraine’s long-term foreign debt rating to B3 from Caa1 on June 12.​ Moody’s cited Ukraine’s new IMF deal for “the easing of Ukraine's near-term funding challenges.” Fitch and S&P give B ratings to
59​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com