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      When debating key policy rate forecasting, committee members' views were split. Some members agree that the key policy rate should stay at 6% up until the year-end, with a potential further rise in 2021, given the anticipated inflation risks. Other members claim the main policy rate could be cut in December to boost economic growth despite the pandemic.
  8.4 ​International ratings
   Ukraine - Rating agency
     as of July 1, 2020
  last change
   Moodys (USD rating)
      B3 (S)
   Fitch (USD rating)
      B (S)
  B (S)
    Ukraine’s credit ratings have been improving but the country is still rated junk by the three main agencies.
Moody’s rates Ukraine at Caa1​ with stable outlook on its foreign currency debt. The local debt is also rated at Caa1.
Moody’s last upgraded Ukraine from Caa2 (Positive) in August 2017 as the country emerged from an economic meltdown that year. The lowest rating the country had was Ca (Negative) in March 2015 in the wake of the Euromaidan protests that ousted president Viktor Yanukovych. The highest the country has scored was B1 (positive) in August 2008 as the entire region boomed before the global financial crisis struck that autumn.
 50​ UKRAINE Country Report​ January 2021 ​ ​

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