Ukraine - Credit Rating

Standard & Poor's credit rating for Ukraine stands at CCC+ with stable outlook. Moody's credit rating for Ukraine was last set at Ca with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Ukraine thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Ukraine as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
S&P	CCC+	Stable	Jan 22 2026
S&P	SD	N/A	Aug 02 2024
S&P	CC	Negative	Mar 08 2024
S&P	CCC	Negative	Apr 06 2023
Moody's	Ca	Stable	Feb 10 2023
S&P	CCC+	Stable	Aug 19 2022
S&P	SD	N/A	Aug 12 2022
S&P	CC	Negative	Jul 29 2022
S&P	CCC+	Negative	May 27 2022
Moody's	Caa3	Negative	May 20 2022
Moody's	Caa2	Under Review	Mar 04 2022
S&P	B-	Negative Watch	Feb 26 2022
Moody's	B3	Under Review	Feb 25 2022
Moody's	B3	Stable	Jun 12 2020
Moody's	Caa1	Positive	Nov 22 2019
S&P	B	Stable	Sep 27 2019
Moody's	Caa1	Stable	Dec 21 2018
Moody's	Caa2	Positive	Aug 25 2017
Moody's	Caa3	Stable	Nov 19 2015
S&P	B-	Stable	Oct 19 2015
S&P	SD	N/A	Sep 25 2015
S&P	CC	Negative	Apr 10 2015
Moody's	Ca	Negative	Mar 24 2015
S&P	CCC-	Negative	Dec 19 2014
S&P	CCC	Stable	Jul 11 2014
Moody's	Caa3	Negative	Apr 04 2014
S&P	CCC	Negative	Feb 21 2014
Moody's	Caa2	Negative	Jan 31 2014
S&P	CCC+	Negative	Jan 28 2014
S&P	B-	Stable	Dec 26 2013
S&P	B-	Negative	Nov 01 2013
Moody's	Caa1	Negative Watch	Sep 20 2013
S&P	B	Negative	Dec 07 2012
Moody's	B3	Negative	Dec 05 2012
S&P	B+	Negative	Mar 15 2012
Moody's	B2	Negative	Dec 15 2011
Moody's	B2	Stable	Oct 11 2010
S&P	B+	Stable	Jul 29 2010
S&P	B	Positive Watch	Jul 22 2010
S&P	B	Stable	May 17 2010
S&P	B-	Positive	Mar 11 2010
S&P	CCC+	Stable	Oct 30 2009
S&P	CCC+	Positive	Jul 31 2009
Moody's	B2	Negative	May 12 2009
S&P	CCC+	Negative	Feb 25 2009
Moody's	B1	Negative Watch	Feb 24 2009
S&P	B	Negative Watch	Feb 15 2009
S&P	B	Negative	Oct 24 2008
Moody's	B1	Stable	Oct 20 2008
S&P	B+	Negative Watch	Oct 15 2008
Moody's	B1	Positive	Aug 08 2008
S&P	B+	Stable	Jun 12 2008
Moody's	B1	Positive Watch	Mar 28 2008
S&P	BB-	Negative	Apr 05 2007
Moody's	B1	Positive	Nov 10 2006
S&P	BB-	Stable	May 11 2005
Moody's	B1	Stable	Feb 17 2005
Moody's	B1	Positive	Sep 08 2004
S&P	B+	Stable	Jul 20 2004
Moody's	B1	Stable	Nov 10 2003
S&P	B	Positive	Oct 28 2003
Moody's	B2	Positive Watch	Jul 28 2003
S&P	B	Stable	May 20 2003
S&P	B	Negative	Nov 12 2002
Moody's	B2	Stable	Jan 24 2002
S&P	B	Stable	Dec 21 2001
Moody's	Caa1	Positive	Nov 20 2001
Moody's	Caa1	Negative	Apr 19 2000
Moody's	Caa1	Negative Watch	Jan 05 2000
Moody's	B3	Negative	Sep 09 1998
Moody's	B2	Negative	Jul 13 1998
Moody's	B2	Stable	Feb 06 1998