Ukraine’s ratio of state debt to GDP is 55%, lower than the 93% ratio in Egypt, a country with a B rating from S & P, better than Ukraine’s B-. “The problem is that about 70% of Ukraine’s public debt is in foreign currency,” Churiy tells UNIAN. “This figure should be reduced – to replace foreign currency debt with hryvnia debt…the arrival of non-residents and the development of the domestic debt market will help reduce currency risks.”
Ukraine’s ratio of state debt to GDP is 55%, lower than the 93% ratio in Egypt, a country with a B rating from S & P, better than Ukraine’s B-.
