March 05, 2020 | Cbonds
|The Ukrainian currency has declined by 2% against the U.S. dollar since our previous report (Feb 19) and approached a support level at 25 figure. The currency pair remains under pressure since last week, reflecting spreading concerns over a possible impact of the coronavirus outbreak on the global economic growth and uncertainty surrounding dismissal of the local government.|
As far as former is concerned, it is widely expected that the virus will lead to a pullback in global demand for commodities, undermining prospects for Ukrainian external sales. The situation is also complicated with a high uncertainty how large and persistent the economic impact of coronavirus will be. Foreign financial inflows are also at stake as risk-tolerance among investors declined notalby. Last primary debt auctions with low foreigners’ participation confirm the case.
|Full company name||PJSC "UkrSibbank"|
|Country of risk||Ukraine|
|Country of registration||Ukraine|