Analytics
December 7 – 13, 2016
  • Consumer inflation landed at 1.8% MoM and 12.1% YoY in November
  • S&P affirmed Ukraine’s long term IDR at “B-” with a stable outlook
  • The NBU has kept the discount rate unchanged at 14.0%
  • Ukrainian Railway reported 1H16 results and reception of bondholder approval on cross default amendments
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30 November – 6 December, 2016
  • October’s current account (CA) deficit amounted to $0.2bln, while the financial account (FA) demonstrated a $0.3bln surplus
  • International reserves of the NBU declined by 1.3% MoM to $15.3bln at the end of November
  • Metinvest will launch its Eurobond restructuring on December 19
  • DTEK 3Q16 EBITDA more than tripled QoQ $166mln
  • Avangardco 3Q16 EBITDA landed at $2mln
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November 23 – 29, 2016
  • Manufacturing, domestic trade, and agriculture increased sector output by 0.8% and 2.8%, and 12.4% YoY respectively in October
  • Fitch has affirmed PrivatBank’s IDR at ‘CCC’
  • The NBU has allowed banks to deal in FX derivatives and to invest in foreign sovereign and quasi-sovereign bonds
  • Metinvest’s 3Q16 EBITDA including JVs doubled YoY to $408mln
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November 16 – 22, 2016
  • The IMF mission has concluded that Ukraine needs more time to implement key policies
  • Fitch has upgraded MHP’s, Ukreximbank’s and Oschadbank’s IDRs from ‘CCC’ to ‘B-’
  • DTEK has sent out a restructuring offer with slightly improved terms and reported 3Q16 operating results
  • MHP 3Q16 adjusted EBITDA (ex IAS 41) increased by 6% YoY to $119mln
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November 9 – 15, 2016
  • Real GDP in 3Q16 grew by 1.8% YoY
  • Consumer inflation landed at 2.8% MoM and 12.4%YoY in October
  • Fitch has upgraded Ukraine's long-term foreign currency issuer default rating (IDR) from “CCC” to “B-” with a stable outlook
  • The drafted consolidated budget deficit has been increased to 3.2% of GDP from 2.9% previously
  • Ukreximbank’s net income landed at $36mln in 3Q16
  • Oschadbank’s 3Q16 net income remained largely flat QoQ at $6mln
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