According to the agency scale, the rating of Kiev and Kharkov is increased from Saa3 to Saa2. The agency reports that at the same time, the outlook for the rating has been changed from "stable" to "positive".

In Moody's also explained that the rating of Kiev raised from Sa to Saa3, the outlook for the rating is also changed from "stable" to "positive". This decision was made following the upgrade of Ukraine's ratings on liabilities in Ukrainian and foreign currency from Caa3 to Caa2 and the change in the forecast from "stable" to "positive".

According to the rating agency rating, Caa-rated debt is considered to be a very low-quality loan and subject to very high credit risk, the agency recalled..

Recall, as reported URA-Inform, the rating agency Moody's Investors Service increased the credit rating of Ukraine by one step, from Caa3 to Caa2.