Today several announcements have been made and it looks like Ukraine might see a little light at the end of the tunnel instead of total darkness.
The first thing that happened was:
MOSCOW, March 12 (Itar-Tass) — Standard and Poor’s, an international rating agency, has raised the sovereign crediting rating of Ukraine on its liabilities in foreign currency from CCC+/C to B-/C, and on the liabilities in the national currency – from B-/C to B/B. The forecast on the ratings is “positive,” says a press release of Standard and Poor’s.
We believe that the recent formation of a new ruling coalition and the cabinet of ministers in Ukraine opens up new opportunities for the improvement of policy coordination and for the resumption of cooperation with the International Monetary Fund (IMF), said Franklin Gill, Standard and Poor’s crediting analyst.
Now that is a shot in the arm, so to say! Even if you (like me) do not believe that “Standard and Poor’s” credit analyst is worth a hill of beans, the business world does and that is what counts.
Then also today the Ukrainian Defense Ministry has announced that Russia and Ukraine, after 7 long years of total Navy ignoration, will resume exercises of the Ukrainian Navy and the Russian Black Sea Fleet just like in the old days!
Wow, what a difference a new president has made for Ukraine?
Windows to Russia!