id sid tid token lemma pos issue-237 1 1 baltic baltic PROPN issue-237 1 2 journal journal PROPN issue-237 1 3 of of ADP issue-237 1 4 economic economic ADJ issue-237 1 5 studies study NOUN issue-237 1 6 216 216 NUM issue-237 1 7 vol vol NOUN issue-237 1 8 . . PUNCT issue-237 2 1 3 3 NUM issue-237 2 2 , , PUNCT issue-237 2 3 no no INTJ issue-237 2 4 . . NOUN issue-237 2 5 4 4 NUM issue-237 2 6 , , PUNCT issue-237 2 7 2017 2017 NUM issue-237 2 8 corresponding correspond VERB issue-237 2 9 author author NOUN issue-237 2 10 : : PUNCT issue-237 2 11 1 1 NUM issue-237 2 12 department department NOUN issue-237 2 13 of of ADP issue-237 2 14 corporate corporate ADJ issue-237 2 15 finance finance NOUN issue-237 2 16 and and CCONJ issue-237 2 17 controlling control VERB issue-237 2 18 , , PUNCT issue-237 2 19 kyiv kyiv PROPN issue-237 2 20 national national PROPN issue-237 2 21 economic economic PROPN issue-237 2 22 university university NOUN issue-237 2 23 named name VERB issue-237 2 24 after after ADP issue-237 2 25 vadym vadym PROPN issue-237 2 26 hetman hetman PROPN issue-237 2 27 . . PUNCT issue-237 3 1 email email NOUN issue-237 3 2 : : PUNCT issue-237 3 3 spokrason@gmail.com spokrason@gmail.com X issue-237 4 1 a a DET issue-237 4 2 healthy healthy ADJ issue-237 4 3 dose dose NOUN issue-237 4 4 of of ADP issue-237 4 5 pessimism pessimism NOUN issue-237 4 6 ? ? PUNCT issue-237 5 1 influence influence NOUN issue-237 5 2 of of ADP issue-237 5 3 the the DET issue-237 5 4 ukrainian ukrainian ADJ issue-237 5 5 economy economy NOUN issue-237 5 6 on on ADP issue-237 5 7 its its PRON issue-237 5 8 banking banking NOUN issue-237 5 9 sector sector NOUN issue-237 5 10 credit credit NOUN issue-237 5 11 ratings rating NOUN issue-237 5 12 svitlana svitlana PROPN issue-237 5 13 pokrason1 pokrason1 PROPN issue-237 5 14 kyiv kyiv ADJ issue-237 5 15 national national PROPN issue-237 5 16 economic economic PROPN issue-237 5 17 university university NOUN issue-237 5 18 named name VERB issue-237 5 19 after after ADP issue-237 5 20 vadym vadym PROPN issue-237 5 21 hetman hetman PROPN issue-237 5 22 , , PUNCT issue-237 5 23 ukraine ukraine PROPN issue-237 5 24 abstract abstract NOUN issue-237 5 25 . . PUNCT issue-237 6 1 the the DET issue-237 6 2 purpose purpose NOUN issue-237 6 3 of of ADP issue-237 6 4 the the DET issue-237 6 5 research research NOUN issue-237 6 6 is be AUX issue-237 6 7 to to PART issue-237 6 8 identify identify VERB issue-237 6 9 the the DET issue-237 6 10 influence influence NOUN issue-237 6 11 of of ADP issue-237 6 12 ukraine ukraine NOUN issue-237 6 13 ’s ’s PART issue-237 6 14 economic economic ADJ issue-237 6 15 development development NOUN issue-237 6 16 on on ADP issue-237 6 17 the the DET issue-237 6 18 international international ADJ issue-237 6 19 agencies agency NOUN issue-237 6 20 ' ' PART issue-237 6 21 credit credit NOUN issue-237 6 22 rating rating NOUN issue-237 6 23 of of ADP issue-237 6 24 its its PRON issue-237 6 25 banking banking NOUN issue-237 6 26 system system NOUN issue-237 6 27 . . PUNCT issue-237 7 1 the the DET issue-237 7 2 instability instability NOUN issue-237 7 3 and and CCONJ issue-237 7 4 ambiguous ambiguous ADJ issue-237 7 5 geopolitical geopolitical ADJ issue-237 7 6 position position NOUN issue-237 7 7 of of ADP issue-237 7 8 ukraine ukraine NOUN issue-237 7 9 are be AUX issue-237 7 10 complicating complicate VERB issue-237 7 11 any any DET issue-237 7 12 predictions prediction NOUN issue-237 7 13 for for ADP issue-237 7 14 its its PRON issue-237 7 15 economic economic ADJ issue-237 7 16 developments development NOUN issue-237 7 17 . . PUNCT issue-237 8 1 in in ADP issue-237 8 2 the the DET issue-237 8 3 meanwhile meanwhile ADJ issue-237 8 4 , , PUNCT issue-237 8 5 massive massive ADJ issue-237 8 6 restructuring restructuring NOUN issue-237 8 7 of of ADP issue-237 8 8 all all DET issue-237 8 9 sectors sector NOUN issue-237 8 10 of of ADP issue-237 8 11 the the DET issue-237 8 12 economy economy NOUN issue-237 8 13 became become VERB issue-237 8 14 the the DET issue-237 8 15 necessary necessary ADJ issue-237 8 16 minimum minimum NOUN issue-237 8 17 for for ADP issue-237 8 18 the the DET issue-237 8 19 reformation reformation NOUN issue-237 8 20 of of ADP issue-237 8 21 the the DET issue-237 8 22 country country NOUN issue-237 8 23 and and CCONJ issue-237 8 24 the the DET issue-237 8 25 achievement achievement NOUN issue-237 8 26 of of ADP issue-237 8 27 the the DET issue-237 8 28 international international ADJ issue-237 8 29 standards standard NOUN issue-237 8 30 . . PUNCT issue-237 9 1 it it PRON issue-237 9 2 is be AUX issue-237 9 3 interesting interesting ADJ issue-237 9 4 to to PART issue-237 9 5 see see VERB issue-237 9 6 how how SCONJ issue-237 9 7 exactly exactly ADV issue-237 9 8 these these DET issue-237 9 9 international international ADJ issue-237 9 10 standards standard NOUN issue-237 9 11 , , PUNCT issue-237 9 12 as as SCONJ issue-237 9 13 represented represent VERB issue-237 9 14 by by ADP issue-237 9 15 the the DET issue-237 9 16 evaluation evaluation NOUN issue-237 9 17 of of ADP issue-237 9 18 the the DET issue-237 9 19 rating rating NOUN issue-237 9 20 agencies agency NOUN issue-237 9 21 , , PUNCT issue-237 9 22 appraise appraise PROPN issue-237 9 23 ukraine ukraine NOUN issue-237 9 24 , , PUNCT issue-237 9 25 and and CCONJ issue-237 9 26 particularly particularly ADV issue-237 9 27 its its PRON issue-237 9 28 banking banking NOUN issue-237 9 29 sector sector NOUN issue-237 9 30 . . PUNCT issue-237 10 1 the the DET issue-237 10 2 methodology methodology NOUN issue-237 10 3 involves involve VERB issue-237 10 4 the the DET issue-237 10 5 analysis analysis NOUN issue-237 10 6 of of ADP issue-237 10 7 the the DET issue-237 10 8 three three NUM issue-237 10 9 major major ADJ issue-237 10 10 ukrainian ukrainian ADJ issue-237 10 11 banks bank NOUN issue-237 10 12     SPACE issue-237 10 13 – – PUNCT issue-237 10 14 privatbank privatbank NOUN issue-237 10 15 , , PUNCT issue-237 10 16 oschadbank oschadbank PROPN issue-237 10 17 , , PUNCT issue-237 10 18 and and CCONJ issue-237 10 19 ukreximbank ukreximbank NOUN issue-237 10 20 using use VERB issue-237 10 21 fitch fitch PROPN issue-237 10 22 ’s ’s PART issue-237 10 23 credit credit NOUN issue-237 10 24 quality quality NOUN issue-237 10 25 assessment assessment NOUN issue-237 10 26 systematic systematic NOUN issue-237 10 27 as as ADP issue-237 10 28 an an DET issue-237 10 29 example example NOUN issue-237 10 30 . . PUNCT issue-237 11 1 the the DET issue-237 11 2 comparative comparative ADJ issue-237 11 3 analysis analysis NOUN issue-237 11 4 was be AUX issue-237 11 5 performed perform VERB issue-237 11 6 using use VERB issue-237 11 7 tier tier NOUN issue-237 11 8 1 1 NUM issue-237 11 9 capital capital NOUN issue-237 11 10 ratio ratio NOUN issue-237 11 11 and and CCONJ issue-237 11 12 loan loan NOUN issue-237 11 13 - - PUNCT issue-237 11 14 to to ADP issue-237 11 15 - - PUNCT issue-237 11 16 deposit deposit NOUN issue-237 11 17 ratio ratio NOUN issue-237 11 18 of of ADP issue-237 11 19 these these DET issue-237 11 20 banks bank NOUN issue-237 11 21 , , PUNCT issue-237 11 22 year year NOUN issue-237 11 23 - - PUNCT issue-237 11 24 to to ADP issue-237 11 25 - - PUNCT issue-237 11 26 year year NOUN issue-237 11 27 quarterly quarterly ADJ issue-237 11 28 gdp gdp NOUN issue-237 11 29 growth growth NOUN issue-237 11 30 , , PUNCT issue-237 11 31 consumer consumer NOUN issue-237 11 32 price price NOUN issue-237 11 33 index index NOUN issue-237 11 34 ( ( PUNCT issue-237 11 35 cpi cpi NOUN issue-237 11 36 ) ) PUNCT issue-237 11 37 year year NOUN issue-237 11 38 - - PUNCT issue-237 11 39 to to ADP issue-237 11 40 - - PUNCT issue-237 11 41 year year NOUN issue-237 11 42 change change NOUN issue-237 11 43 , , PUNCT issue-237 11 44 uah uah ADJ issue-237 11 45 / / SYM issue-237 11 46 usd usd NOUN issue-237 11 47 exchange exchange NOUN issue-237 11 48 rate rate NOUN issue-237 11 49 , , PUNCT issue-237 11 50 2 2 NUM issue-237 11 51 - - PUNCT issue-237 11 52 year year NOUN issue-237 11 53 and and CCONJ issue-237 11 54 5 5 NUM issue-237 11 55 - - PUNCT issue-237 11 56 year year NOUN issue-237 11 57 government government NOUN issue-237 11 58 bond bond NOUN issue-237 11 59 yield yield NOUN issue-237 11 60 , , PUNCT issue-237 11 61 as as ADV issue-237 11 62 well well ADV issue-237 11 63 as as ADP issue-237 11 64 2 2 NUM issue-237 11 65 - - PUNCT issue-237 11 66 year year NOUN issue-237 11 67 and and CCONJ issue-237 11 68 5 5 NUM issue-237 11 69 - - PUNCT issue-237 11 70 year year NOUN issue-237 11 71 credit credit NOUN issue-237 11 72 default default NOUN issue-237 11 73 swap swap NOUN issue-237 11 74 ( ( PUNCT issue-237 11 75 cds cds PROPN issue-237 11 76 ) ) PUNCT issue-237 11 77 . . PUNCT issue-237 12 1 results result NOUN issue-237 12 2 show show VERB issue-237 12 3 that that SCONJ issue-237 12 4 the the DET issue-237 12 5 most most ADV issue-237 12 6 influential influential ADJ issue-237 12 7 credit credit NOUN issue-237 12 8 rating rating NOUN issue-237 12 9 drivers driver NOUN issue-237 12 10 for for ADP issue-237 12 11 ukrainian ukrainian ADJ issue-237 12 12 banks bank NOUN issue-237 12 13 are be AUX issue-237 12 14 : : PUNCT issue-237 12 15 exchange exchange NOUN issue-237 12 16 rate rate NOUN issue-237 12 17 ; ; PUNCT issue-237 12 18 funding funding NOUN issue-237 12 19 and and CCONJ issue-237 12 20 liquidity liquidity NOUN issue-237 12 21 ; ; PUNCT issue-237 12 22 capital capital NOUN issue-237 12 23 position position NOUN issue-237 12 24 and and CCONJ issue-237 12 25 asset asset NOUN issue-237 12 26 quality quality NOUN issue-237 12 27 ; ; PUNCT issue-237 12 28 sovereign sovereign ADJ issue-237 12 29 risk risk NOUN issue-237 12 30 . . PUNCT issue-237 13 1 the the DET issue-237 13 2 research research NOUN issue-237 13 3 showed show VERB issue-237 13 4 that that SCONJ issue-237 13 5 the the DET issue-237 13 6 2 2 NUM issue-237 13 7 - - PUNCT issue-237 13 8 year year NOUN issue-237 13 9 and and CCONJ issue-237 13 10 5 5 NUM issue-237 13 11 - - PUNCT issue-237 13 12 year year NOUN issue-237 13 13 government government NOUN issue-237 13 14 bond bond NOUN issue-237 13 15 yield yield NOUN issue-237 13 16 in in ADP issue-237 13 17 usd usd NOUN issue-237 13 18 and and CCONJ issue-237 13 19 2 2 NUM issue-237 13 20 - - PUNCT issue-237 13 21 year year NOUN issue-237 13 22 and and CCONJ issue-237 13 23 5 5 NUM issue-237 13 24 - - PUNCT issue-237 13 25 year year NOUN issue-237 13 26 cds cd NOUN issue-237 13 27 were be AUX issue-237 13 28 influenced influence VERB issue-237 13 29 by by ADP issue-237 13 30 similar similar ADJ issue-237 13 31 trends trend NOUN issue-237 13 32 . . PUNCT issue-237 14 1 the the DET issue-237 14 2 yield yield NOUN issue-237 14 3 on on ADP issue-237 14 4 short short ADV issue-237 14 5 - - PUNCT issue-237 14 6 dated date VERB issue-237 14 7 ukrainian ukrainian ADJ issue-237 14 8 governmental governmental ADJ issue-237 14 9 bonds bond NOUN issue-237 14 10 has have AUX issue-237 14 11 shown show VERB issue-237 14 12 a a DET issue-237 14 13 parallel parallel ADJ issue-237 14 14 increase increase NOUN issue-237 14 15 with with ADP issue-237 14 16 the the DET issue-237 14 17 corresponding corresponding ADJ issue-237 14 18 cds cd NOUN issue-237 14 19 that that PRON issue-237 14 20 indicated indicate VERB issue-237 14 21 the the DET issue-237 14 22 market market NOUN issue-237 14 23 ’s ’s PART issue-237 14 24 evaluation evaluation NOUN issue-237 14 25 of of ADP issue-237 14 26 the the DET issue-237 14 27 stressed stressed ADJ issue-237 14 28 condition condition NOUN issue-237 14 29 of of ADP issue-237 14 30 the the DET issue-237 14 31 country country NOUN issue-237 14 32 ’s ’s PART issue-237 14 33 government government NOUN issue-237 14 34 and and CCONJ issue-237 14 35 economy economy NOUN issue-237 14 36 . . PUNCT issue-237 15 1 additionally additionally ADV issue-237 15 2 , , PUNCT issue-237 15 3 conventional conventional ADJ issue-237 15 4 yield yield NOUN issue-237 15 5 structures structure NOUN issue-237 15 6 displayed display VERB issue-237 15 7 inversed inverse VERB issue-237 15 8 nature nature NOUN issue-237 15 9 with with ADP issue-237 15 10 2 2 NUM issue-237 15 11 - - PUNCT issue-237 15 12 year year NOUN issue-237 15 13 governmental governmental ADJ issue-237 15 14 bond bond NOUN issue-237 15 15 yield yield NOUN issue-237 15 16 in in ADP issue-237 15 17 usd usd NOUN issue-237 15 18 trading trading NOUN issue-237 15 19 at at ADP issue-237 15 20 significantly significantly ADV issue-237 15 21 higher high ADJ issue-237 15 22 yields yield NOUN issue-237 15 23 than than ADP issue-237 15 24 5 5 NUM issue-237 15 25 - - PUNCT issue-237 15 26 year year NOUN issue-237 15 27 government government NOUN issue-237 15 28 bond bond NOUN issue-237 15 29 yield yield NOUN issue-237 15 30 in in ADP issue-237 15 31 usd usd NOUN issue-237 15 32 during during ADP issue-237 15 33 times time NOUN issue-237 15 34 of of ADP issue-237 15 35 economic economic ADJ issue-237 15 36 distress distress NOUN issue-237 15 37 . . PUNCT issue-237 16 1 although although SCONJ issue-237 16 2 longer long ADJ issue-237 16 3 maturity maturity NOUN issue-237 16 4 instruments instrument NOUN issue-237 16 5 should should AUX issue-237 16 6 usually usually ADV issue-237 16 7 trade trade VERB issue-237 16 8 at at ADP issue-237 16 9 a a DET issue-237 16 10 higher high ADJ issue-237 16 11 rate rate NOUN issue-237 16 12 , , PUNCT issue-237 16 13 such such DET issue-237 16 14 a a DET issue-237 16 15 development development NOUN issue-237 16 16 could could AUX issue-237 16 17 have have AUX issue-237 16 18 reflected reflect VERB issue-237 16 19 the the DET issue-237 16 20 public public ADJ issue-237 16 21 markets market NOUN issue-237 16 22 ’ ' PUNCT issue-237 16 23 scepticism scepticism NOUN issue-237 16 24 to to ADP issue-237 16 25 the the DET issue-237 16 26 ukrainian ukrainian ADJ issue-237 16 27 government government NOUN issue-237 16 28 ’s ’s PART issue-237 16 29 short short ADJ issue-237 16 30 - - PUNCT issue-237 16 31 term term NOUN issue-237 16 32 solvency solvency NOUN issue-237 16 33 . . PUNCT issue-237 17 1 the the DET issue-237 17 2 closer close ADJ issue-237 17 3 look look NOUN issue-237 17 4 at at ADP issue-237 17 5 the the DET issue-237 17 6 tier tier NOUN issue-237 17 7 1 1 NUM issue-237 17 8 capital capital NOUN issue-237 17 9 ratio ratio NOUN issue-237 17 10 , , PUNCT issue-237 17 11 which which PRON issue-237 17 12 is be AUX issue-237 17 13 considered consider VERB issue-237 17 14 to to PART issue-237 17 15 be be AUX issue-237 17 16 a a DET issue-237 17 17 key key ADJ issue-237 17 18 indicator indicator NOUN issue-237 17 19 of of ADP issue-237 17 20 the the DET issue-237 17 21 financial financial ADJ issue-237 17 22 health health NOUN issue-237 17 23 of of ADP issue-237 17 24 the the DET issue-237 17 25 banks bank NOUN issue-237 17 26 , , PUNCT issue-237 17 27 revealed reveal VERB issue-237 17 28 analogy analogy NOUN issue-237 17 29 between between ADP issue-237 17 30 it it PRON issue-237 17 31 and and CCONJ issue-237 17 32 three three NUM issue-237 17 33 major major ADJ issue-237 17 34 ukrainian ukrainian ADJ issue-237 17 35 banks bank NOUN issue-237 17 36 rating rating NOUN issue-237 17 37 development development NOUN issue-237 17 38 , , PUNCT issue-237 17 39 indicating indicate VERB issue-237 17 40 the the DET issue-237 17 41 tier tier NOUN issue-237 17 42 1 1 NUM issue-237 17 43 capital capital NOUN issue-237 17 44 ratio ratio NOUN issue-237 17 45 as as ADP issue-237 17 46 a a DET issue-237 17 47 strong strong ADJ issue-237 17 48 influencing influence VERB issue-237 17 49 factor factor NOUN issue-237 17 50 . . PUNCT issue-237 18 1 loan loan NOUN issue-237 18 2 - - PUNCT issue-237 18 3 to to ADP issue-237 18 4 - - PUNCT issue-237 18 5 deposit deposit NOUN issue-237 18 6 ratio ratio NOUN issue-237 18 7 as as ADP issue-237 18 8 an an DET issue-237 18 9 indicator indicator NOUN issue-237 18 10 of of ADP issue-237 18 11 bank bank NOUN issue-237 18 12 liquidity liquidity NOUN issue-237 18 13 moved move VERB issue-237 18 14 in in ADP issue-237 18 15 parallel parallel NOUN issue-237 18 16 with with ADP issue-237 18 17 decreasing decrease VERB issue-237 18 18 credit credit NOUN issue-237 18 19 ratings rating NOUN issue-237 18 20 . . PUNCT issue-237 19 1 the the DET issue-237 19 2 strong strong ADJ issue-237 19 3 decrease decrease NOUN issue-237 19 4 in in ADP issue-237 19 5 the the DET issue-237 19 6 uah uah PROPN issue-237 19 7 / / SYM issue-237 19 8 usd usd NOUN issue-237 19 9 exchange exchange NOUN issue-237 19 10 rate rate NOUN issue-237 19 11 mirrored mirror VERB issue-237 19 12 a a DET issue-237 19 13 strong strong ADJ issue-237 19 14 increase increase NOUN issue-237 19 15 in in ADP issue-237 19 16 inflation inflation NOUN issue-237 19 17 and and CCONJ issue-237 19 18 overall overall ADV issue-237 19 19 worsening worsen VERB issue-237 19 20 state state NOUN issue-237 19 21 of of ADP issue-237 19 22 the the DET issue-237 19 23 ukrainian ukrainian ADJ issue-237 19 24 economy economy NOUN issue-237 19 25 also also ADV issue-237 19 26 being be AUX issue-237 19 27 reflected reflect VERB issue-237 19 28 in in ADP issue-237 19 29 the the DET issue-237 19 30 major major ADJ issue-237 19 31 banks bank NOUN issue-237 19 32 ’ ' PUNCT issue-237 19 33 ratings rating NOUN issue-237 19 34 . . PUNCT issue-237 20 1 practical practical ADJ issue-237 20 2 implications implication NOUN issue-237 20 3 . . PUNCT issue-237 21 1 the the DET issue-237 21 2 correlation correlation NOUN issue-237 21 3 of of ADP issue-237 21 4 these these DET issue-237 21 5 factors factor NOUN issue-237 21 6 is be AUX issue-237 21 7 relevant relevant ADJ issue-237 21 8 for for ADP issue-237 21 9 bank bank NOUN issue-237 21 10 managers manager NOUN issue-237 21 11 and and CCONJ issue-237 21 12 investors investor NOUN issue-237 21 13 who who PRON issue-237 21 14 can can AUX issue-237 21 15 use use VERB issue-237 21 16 financial financial ADJ issue-237 21 17 market market NOUN issue-237 21 18 indicators indicator NOUN issue-237 21 19 to to PART issue-237 21 20 forecast forecast VERB issue-237 21 21 and and CCONJ issue-237 21 22 plan plan VERB issue-237 21 23 their their PRON issue-237 21 24 own own ADJ issue-237 21 25 ability ability NOUN issue-237 21 26 to to PART issue-237 21 27 conduct conduct VERB issue-237 21 28 business business NOUN issue-237 21 29 . . PUNCT issue-237 22 1 likewise likewise ADV issue-237 22 2 , , PUNCT issue-237 22 3 academic academic ADJ issue-237 22 4 researchers researcher NOUN issue-237 22 5 can can AUX issue-237 22 6 further far ADV issue-237 22 7 build build VERB issue-237 22 8 on on ADP issue-237 22 9 this this DET issue-237 22 10 study study NOUN issue-237 22 11 to to PART issue-237 22 12 add add VERB issue-237 22 13 to to ADP issue-237 22 14 the the DET issue-237 22 15 literature literature NOUN issue-237 22 16 on on ADP issue-237 22 17 country country NOUN issue-237 22 18 - - PUNCT issue-237 22 19 specific specific ADJ issue-237 22 20 reviews review NOUN issue-237 22 21 of of ADP issue-237 22 22 sovereign sovereign ADJ issue-237 22 23 debt debt NOUN issue-237 22 24 crises crisis NOUN issue-237 22 25 and and CCONJ issue-237 22 26 their their PRON issue-237 22 27 impact impact NOUN issue-237 22 28 on on ADP issue-237 22 29 national national ADJ issue-237 22 30 banking banking NOUN issue-237 22 31 systems system NOUN issue-237 22 32 . . PUNCT issue-237 23 1 value value NOUN issue-237 23 2 / / SYM issue-237 23 3 originality originality NOUN issue-237 23 4 . . PUNCT issue-237 24 1 this this DET issue-237 24 2 research research NOUN issue-237 24 3 demonstrates demonstrate VERB issue-237 24 4 that that SCONJ issue-237 24 5 a a DET issue-237 24 6 worsening worsening NOUN issue-237 24 7 of of ADP issue-237 24 8 financial financial ADJ issue-237 24 9 indicators indicator NOUN issue-237 24 10 of of ADP issue-237 24 11 the the DET issue-237 24 12 health health NOUN issue-237 24 13 of of ADP issue-237 24 14 ukraine ukraine PROPN issue-237 24 15 ’s ’s PART issue-237 24 16 financial financial ADJ issue-237 24 17 system system NOUN issue-237 24 18 as as SCONJ issue-237 24 19 measured measure VERB issue-237 24 20 by by ADP issue-237 24 21 government government NOUN issue-237 24 22 bond bond NOUN issue-237 24 23 yields yield NOUN issue-237 24 24 and and CCONJ issue-237 24 25 the the DET issue-237 24 26 trading trading NOUN issue-237 24 27 of of ADP issue-237 24 28 credit credit NOUN issue-237 24 29 default default NOUN issue-237 24 30 swaps swap NOUN issue-237 24 31 , , PUNCT issue-237 24 32 as as ADV issue-237 24 33 well well ADV issue-237 24 34 as as ADP issue-237 24 35 the the DET issue-237 24 36 country country NOUN issue-237 24 37 ’s ’s PART issue-237 24 38 economic economic ADJ issue-237 24 39 downturn downturn NOUN issue-237 24 40 , , PUNCT issue-237 24 41 go go VERB issue-237 24 42 along along ADV issue-237 24 43 with with ADP issue-237 24 44 a a DET issue-237 24 45 decline decline NOUN issue-237 24 46 of of ADP issue-237 24 47 local local ADJ issue-237 24 48 banks bank NOUN issue-237 24 49 ’ ' PUNCT issue-237 24 50 credit credit NOUN issue-237 24 51 ratings rating NOUN issue-237 24 52 . . PUNCT issue-237 25 1 key key ADJ issue-237 25 2 words word NOUN issue-237 25 3 : : PUNCT issue-237 25 4 banking banking NOUN issue-237 25 5 sector sector NOUN issue-237 25 6 , , PUNCT issue-237 25 7 default default NOUN issue-237 25 8 , , PUNCT issue-237 25 9 credit credit NOUN issue-237 25 10 rating rating NOUN issue-237 25 11 , , PUNCT issue-237 25 12 rating rating NOUN issue-237 25 13 agency agency NOUN issue-237 25 14 , , PUNCT issue-237 25 15 restructuring restructuring NOUN issue-237 25 16 , , PUNCT issue-237 25 17 economic economic ADJ issue-237 25 18 downturn downturn NOUN issue-237 25 19 , , PUNCT issue-237 25 20 sovereign sovereign ADJ issue-237 25 21 risk risk NOUN issue-237 25 22 , , PUNCT issue-237 25 23 funding funding NOUN issue-237 25 24 and and CCONJ issue-237 25 25 liquidity liquidity NOUN issue-237 25 26 , , PUNCT issue-237 25 27 capital capital NOUN issue-237 25 28 position position NOUN issue-237 25 29 , , PUNCT issue-237 25 30 asset asset NOUN issue-237 25 31 quality quality NOUN issue-237 25 32 . . PUNCT issue-237 26 1 jel jel PROPN issue-237 26 2 classification classification NOUN issue-237 26 3 : : PUNCT issue-237 26 4 f62 f62 NOUN issue-237 26 5 , , PUNCT issue-237 26 6 g01 g01 NOUN issue-237 26 7 , , PUNCT issue-237 26 8 g21 g21 PROPN issue-237 26 9 , , PUNCT issue-237 26 10 g24 g24 NOUN issue-237 26 11 , , PUNCT issue-237 26 12 g28 g28 NOUN issue-237 26 13 , , PUNCT issue-237 26 14 g33 g33 PROPN issue-237 26 15 1 1 NUM issue-237 26 16 . . PUNCT issue-237 27 1 introduction introduction NOUN issue-237 27 2 the the DET issue-237 27 3 continuously continuously ADV issue-237 27 4 stressed stress VERB issue-237 27 5 condition condition NOUN issue-237 27 6 of of ADP issue-237 27 7 the the DET issue-237 27 8 ukrainian ukrainian ADJ issue-237 27 9 economy economy NOUN issue-237 27 10 has have AUX issue-237 27 11 had have VERB issue-237 27 12 a a DET issue-237 27 13 strongly strongly ADV issue-237 27 14 negative negative ADJ issue-237 27 15 impact impact NOUN issue-237 27 16 on on ADP issue-237 27 17 the the DET issue-237 27 18 country country NOUN issue-237 27 19 ’s ’s PART issue-237 27 20 banking banking NOUN issue-237 27 21 sector sector NOUN issue-237 27 22 . . PUNCT issue-237 28 1 currently currently ADV issue-237 28 2 , , PUNCT issue-237 28 3 the the DET issue-237 28 4 ability ability NOUN issue-237 28 5 of of ADP issue-237 28 6 ukraine ukraine NOUN issue-237 28 7 ’s ’s PART issue-237 28 8 government government NOUN issue-237 28 9 to to PART issue-237 28 10 meet meet VERB issue-237 28 11 the the DET issue-237 28 12 ambitious ambitious ADJ issue-237 28 13 fiscal fiscal ADJ issue-237 28 14 and and CCONJ issue-237 28 15 economic economic ADJ issue-237 28 16 targets target NOUN issue-237 28 17 , , PUNCT issue-237 28 18 agreed agree VERB issue-237 28 19 with with ADP issue-237 28 20 the the DET issue-237 28 21 imf imf PROPN issue-237 28 22 to to PART issue-237 28 23 secure secure VERB issue-237 28 24 access access NOUN issue-237 28 25 to to ADP issue-237 28 26 further further ADJ issue-237 28 27 liquidity liquidity NOUN issue-237 28 28 , , PUNCT issue-237 28 29 is be AUX issue-237 28 30 closely closely ADV issue-237 28 31 being be AUX issue-237 28 32 monitored monitor VERB issue-237 28 33 by by ADP issue-237 28 34 market market NOUN issue-237 28 35 participants participant NOUN issue-237 28 36 . . PUNCT issue-237 29 1 while while SCONJ issue-237 29 2 the the DET issue-237 29 3 agreement agreement NOUN issue-237 29 4 between between ADP issue-237 29 5 the the DET issue-237 29 6 government government NOUN issue-237 29 7 and and CCONJ issue-237 29 8 creditors creditor NOUN issue-237 29 9 holding hold VERB issue-237 29 10 usd usd NOUN issue-237 29 11 18 18 NUM issue-237 29 12 bn bn NOUN issue-237 29 13 of of ADP issue-237 29 14 government government NOUN issue-237 29 15 and and CCONJ issue-237 29 16 government government NOUN issue-237 29 17 - - PUNCT issue-237 29 18 guaranteed guarantee VERB issue-237 29 19 eurobonds eurobond NOUN issue-237 29 20 is be AUX issue-237 29 21 cautiously cautiously ADV issue-237 29 22 seen see VERB issue-237 29 23 as as ADP issue-237 29 24 a a DET issue-237 29 25 positive positive ADJ issue-237 29 26 sign sign NOUN issue-237 29 27 , , PUNCT issue-237 29 28 with with ADP issue-237 29 29 market market NOUN issue-237 29 30 prices price NOUN issue-237 29 31 of of ADP issue-237 29 32 ukrainian ukrainian ADJ issue-237 29 33 government government NOUN issue-237 29 34 bonds bond NOUN issue-237 29 35 appreciating appreciate VERB issue-237 29 36 questions question NOUN issue-237 29 37 baltic baltic ADJ issue-237 29 38 journal journal PROPN issue-237 29 39 of of ADP issue-237 29 40 economic economic ADJ issue-237 29 41 studies study NOUN issue-237 29 42 217 217 NUM issue-237 29 43 vol vol NOUN issue-237 29 44 . . PUNCT issue-237 30 1 3 3 NUM issue-237 30 2 , , PUNCT issue-237 30 3 no no INTJ issue-237 30 4 . . NOUN issue-237 30 5 4 4 NUM issue-237 30 6 , , PUNCT issue-237 30 7 2017 2017 NUM issue-237 30 8 about about ADP issue-237 30 9 further far ADV issue-237 30 10 needed need VERB issue-237 30 11 restructuring restructuring NOUN issue-237 30 12 measures measure NOUN issue-237 30 13 are be AUX issue-237 30 14 being be AUX issue-237 30 15 raised raise VERB issue-237 30 16 . . PUNCT issue-237 31 1 all all DET issue-237 31 2 the the DET issue-237 31 3 while while NOUN issue-237 31 4 , , PUNCT issue-237 31 5 political political ADJ issue-237 31 6 conflict conflict NOUN issue-237 31 7 within within ADP issue-237 31 8 the the DET issue-237 31 9 country country NOUN issue-237 31 10 is be AUX issue-237 31 11 ongoing ongoing ADJ issue-237 31 12 . . PUNCT issue-237 32 1 for for SCONJ issue-237 32 2 a a DET issue-237 32 3 business business NOUN issue-237 32 4 model model NOUN issue-237 32 5 as as ADV issue-237 32 6 integrally integrally ADV issue-237 32 7 based base VERB issue-237 32 8 on on ADP issue-237 32 9 leverage leverage NOUN issue-237 32 10 as as ADP issue-237 32 11 banking banking NOUN issue-237 32 12 , , PUNCT issue-237 32 13 these these DET issue-237 32 14 developments development NOUN issue-237 32 15 are be AUX issue-237 32 16 understandably understandably ADV issue-237 32 17 threatening threaten VERB issue-237 32 18 : : PUNCT issue-237 32 19 volatility volatility NOUN issue-237 32 20 in in ADP issue-237 32 21 the the DET issue-237 32 22 main main ADJ issue-237 32 23 interest interest NOUN issue-237 32 24 rate rate NOUN issue-237 32 25 , , PUNCT issue-237 32 26 political political ADJ issue-237 32 27 uncertainty uncertainty NOUN issue-237 32 28 , , PUNCT issue-237 32 29 rapidly rapidly ADV issue-237 32 30 fluctuating fluctuate VERB issue-237 32 31 deposit deposit NOUN issue-237 32 32 levels level NOUN issue-237 32 33 , , PUNCT issue-237 32 34 as as ADV issue-237 32 35 well well ADV issue-237 32 36 as as ADP issue-237 32 37 the the DET issue-237 32 38 dramatic dramatic ADJ issue-237 32 39 decline decline NOUN issue-237 32 40 in in ADP issue-237 32 41 the the DET issue-237 32 42 hryvnia hryvnia NOUN issue-237 32 43 exchange exchange NOUN issue-237 32 44 rate rate NOUN issue-237 32 45 against against ADP issue-237 32 46 the the DET issue-237 32 47 main main ADJ issue-237 32 48 foreign foreign ADJ issue-237 32 49 currencies currency NOUN issue-237 32 50 are be AUX issue-237 32 51 presenting present VERB issue-237 32 52 tough tough ADJ issue-237 32 53 challenges challenge NOUN issue-237 32 54 . . PUNCT issue-237 33 1 combined combine VERB issue-237 33 2 with with ADP issue-237 33 3 a a DET issue-237 33 4 rapid rapid ADJ issue-237 33 5 increase increase NOUN issue-237 33 6 in in ADP issue-237 33 7 nonperforming nonperforme VERB issue-237 33 8 loans loan NOUN issue-237 33 9 due due ADJ issue-237 33 10 to to ADP issue-237 33 11 declining decline VERB issue-237 33 12 credit credit NOUN issue-237 33 13 quality quality NOUN issue-237 33 14 in in ADP issue-237 33 15 both both CCONJ issue-237 33 16 the the DET issue-237 33 17 commercial commercial ADJ issue-237 33 18 and and CCONJ issue-237 33 19 retail retail ADJ issue-237 33 20 markets market NOUN issue-237 33 21 , , PUNCT issue-237 33 22 these these DET issue-237 33 23 developments development NOUN issue-237 33 24 have have AUX issue-237 33 25 been be AUX issue-237 33 26 putting put VERB issue-237 33 27 a a DET issue-237 33 28 critical critical ADJ issue-237 33 29 strain strain NOUN issue-237 33 30 on on ADP issue-237 33 31 the the DET issue-237 33 32 country country NOUN issue-237 33 33 ’s ’s PART issue-237 33 34 banks bank NOUN issue-237 33 35 and and CCONJ issue-237 33 36 further far ADV issue-237 33 37 threaten threaten VERB issue-237 33 38 to to PART issue-237 33 39 erode erode VERB issue-237 33 40 their their PRON issue-237 33 41 capital capital NOUN issue-237 33 42 positions position NOUN issue-237 33 43 . . PUNCT issue-237 34 1 the the DET issue-237 34 2 purpose purpose NOUN issue-237 34 3 of of ADP issue-237 34 4 this this DET issue-237 34 5 research research NOUN issue-237 34 6 is be AUX issue-237 34 7 to to PART issue-237 34 8 identify identify VERB issue-237 34 9 the the DET issue-237 34 10 influence influence NOUN issue-237 34 11 of of ADP issue-237 34 12 the the DET issue-237 34 13 country country NOUN issue-237 34 14 ’s ’s PART issue-237 34 15 economic economic ADJ issue-237 34 16 development development NOUN issue-237 34 17 on on ADP issue-237 34 18 the the DET issue-237 34 19 international international ADJ issue-237 34 20 agencies agency NOUN issue-237 34 21 ’ ' PUNCT issue-237 34 22 credit credit NOUN issue-237 34 23 rating rating NOUN issue-237 34 24 of of ADP issue-237 34 25 its its PRON issue-237 34 26 banking banking NOUN issue-237 34 27 system system NOUN issue-237 34 28 . . PUNCT issue-237 35 1 the the DET issue-237 35 2 study study NOUN issue-237 35 3 methodology methodology NOUN issue-237 35 4 involves involve VERB issue-237 35 5 the the DET issue-237 35 6 analysis analysis NOUN issue-237 35 7 of of ADP issue-237 35 8 the the DET issue-237 35 9 three three NUM issue-237 35 10 major major ADJ issue-237 35 11 ukrainian ukrainian ADJ issue-237 35 12 banks bank NOUN issue-237 35 13     SPACE issue-237 35 14 – – PUNCT issue-237 35 15 privatbank privatbank NOUN issue-237 35 16 , , PUNCT issue-237 35 17 oschadbank oschadbank PROPN issue-237 35 18 , , PUNCT issue-237 35 19 and and CCONJ issue-237 35 20 ukreximbank ukreximbank NOUN issue-237 35 21 using use VERB issue-237 35 22 fitch fitch PROPN issue-237 35 23 ’s ’s PART issue-237 35 24 credit credit NOUN issue-237 35 25 quality quality NOUN issue-237 35 26 assessment assessment NOUN issue-237 35 27 systematic systematic NOUN issue-237 35 28 as as ADP issue-237 35 29 an an DET issue-237 35 30 example example NOUN issue-237 35 31 . . PUNCT issue-237 36 1 for for ADP issue-237 36 2 the the DET issue-237 36 3 comparison comparison NOUN issue-237 36 4 , , PUNCT issue-237 36 5 the the DET issue-237 36 6 tier tier NOUN issue-237 36 7 1 1 NUM issue-237 36 8 capital capital NOUN issue-237 36 9 ratio ratio NOUN issue-237 36 10 of of ADP issue-237 36 11 the the DET issue-237 36 12 ukrainian ukrainian ADJ issue-237 36 13 banks bank NOUN issue-237 36 14 , , PUNCT issue-237 36 15 2 2 NUM issue-237 36 16 - - PUNCT issue-237 36 17 year year NOUN issue-237 36 18 and and CCONJ issue-237 36 19 5 5 NUM issue-237 36 20 - - PUNCT issue-237 36 21 year year NOUN issue-237 36 22 cds cd NOUN issue-237 36 23 , , PUNCT issue-237 36 24 2 2 NUM issue-237 36 25 - - PUNCT issue-237 36 26 year year NOUN issue-237 36 27 and and CCONJ issue-237 36 28 5 5 NUM issue-237 36 29 - - PUNCT issue-237 36 30 year year NOUN issue-237 36 31 government government NOUN issue-237 36 32 bond bond NOUN issue-237 36 33 yield yield NOUN issue-237 36 34 , , PUNCT issue-237 36 35 loan loan NOUN issue-237 36 36 to to PART issue-237 36 37 deposit deposit VERB issue-237 36 38 ratio ratio NOUN issue-237 36 39 of of ADP issue-237 36 40 the the DET issue-237 36 41 ukrainian ukrainian ADJ issue-237 36 42 banks bank NOUN issue-237 36 43 , , PUNCT issue-237 36 44 year year NOUN issue-237 36 45 - - PUNCT issue-237 36 46 to to ADP issue-237 36 47 - - PUNCT issue-237 36 48 year year NOUN issue-237 36 49 quarterly quarterly ADJ issue-237 36 50 gdp gdp NOUN issue-237 36 51 growth growth NOUN issue-237 36 52 , , PUNCT issue-237 36 53 cpi cpi PROPN issue-237 36 54 year year NOUN issue-237 36 55 - - PUNCT issue-237 36 56 to to ADP issue-237 36 57 - - PUNCT issue-237 36 58 year year NOUN issue-237 36 59 change change NOUN issue-237 36 60 and and CCONJ issue-237 36 61 uah uah ADJ issue-237 36 62 / / SYM issue-237 36 63 usd usd NOUN issue-237 36 64 exchange exchange NOUN issue-237 36 65 rate rate NOUN issue-237 36 66 were be AUX issue-237 36 67 taken take VERB issue-237 36 68 . . PUNCT issue-237 37 1 first first ADV issue-237 37 2 , , PUNCT issue-237 37 3 the the DET issue-237 37 4 development development NOUN issue-237 37 5 of of ADP issue-237 37 6 ukrainian ukrainian ADJ issue-237 37 7 macroeconomic macroeconomic ADJ issue-237 37 8 indicators indicator NOUN issue-237 37 9 is be AUX issue-237 37 10 analysed analyse VERB issue-237 37 11 . . PUNCT issue-237 38 1 second second ADJ issue-237 38 2 , , PUNCT issue-237 38 3 the the DET issue-237 38 4 historical historical ADJ issue-237 38 5 fitch fitch NOUN issue-237 38 6 ratings rating NOUN issue-237 38 7 issuer issuer NOUN issue-237 38 8 default default NOUN issue-237 38 9 rating rating NOUN issue-237 38 10 development development NOUN issue-237 38 11 for for ADP issue-237 38 12 privatbank privatbank PROPN issue-237 38 13 , , PUNCT issue-237 38 14 oschadbank oschadbank PROPN issue-237 38 15 , , PUNCT issue-237 38 16 and and CCONJ issue-237 38 17 ukreximbank ukreximbank NOUN issue-237 38 18 is be AUX issue-237 38 19 presented present VERB issue-237 38 20 . . PUNCT issue-237 39 1 third third ADV issue-237 39 2 , , PUNCT issue-237 39 3 the the DET issue-237 39 4 development development NOUN issue-237 39 5 of of ADP issue-237 39 6 the the DET issue-237 39 7 ukraine ukraine NOUN issue-237 39 8 ’s ’s PART issue-237 39 9 2 2 NUM issue-237 39 10 - - PUNCT issue-237 39 11 year year NOUN issue-237 39 12 and and CCONJ issue-237 39 13 5 5 NUM issue-237 39 14 - - PUNCT issue-237 39 15 year year NOUN issue-237 39 16 governmental governmental ADJ issue-237 39 17 bond bond NOUN issue-237 39 18 yield yield NOUN issue-237 39 19 in in ADP issue-237 39 20 usd usd NOUN issue-237 39 21 and and CCONJ issue-237 39 22 2 2 NUM issue-237 39 23 - - PUNCT issue-237 39 24 year year NOUN issue-237 39 25 and and CCONJ issue-237 39 26 5 5 NUM issue-237 39 27 - - PUNCT issue-237 39 28 year year NOUN issue-237 39 29 cds cd NOUN issue-237 39 30 is be AUX issue-237 39 31 closely closely ADV issue-237 39 32 looked look VERB issue-237 39 33 into into ADP issue-237 39 34 , , PUNCT issue-237 39 35 which which PRON issue-237 39 36 could could AUX issue-237 39 37 provide provide VERB issue-237 39 38 the the DET issue-237 39 39 indication indication NOUN issue-237 39 40 of of ADP issue-237 39 41 the the DET issue-237 39 42 potential potential ADJ issue-237 39 43 default default NOUN issue-237 39 44 risks risk NOUN issue-237 39 45 . . PUNCT issue-237 40 1 further far ADV issue-237 40 2 , , PUNCT issue-237 40 3 the the DET issue-237 40 4 ukrainian ukrainian ADJ issue-237 40 5 bank bank NOUN issue-237 40 6 ratings rating NOUN issue-237 40 7 are be AUX issue-237 40 8 being be AUX issue-237 40 9 compared compare VERB issue-237 40 10 versus versus ADP issue-237 40 11 quarterly quarterly ADJ issue-237 40 12 real real ADJ issue-237 40 13 gdp gdp NOUN issue-237 40 14 development development NOUN issue-237 40 15 , , PUNCT issue-237 40 16 tier tier NOUN issue-237 40 17 1 1 NUM issue-237 40 18 capital capital NOUN issue-237 40 19 ratio ratio NOUN issue-237 40 20 development development NOUN issue-237 40 21 of of ADP issue-237 40 22 ukrainian ukrainian ADJ issue-237 40 23 banks bank NOUN issue-237 40 24 , , PUNCT issue-237 40 25 loan loan NOUN issue-237 40 26 to to PART issue-237 40 27 deposit deposit VERB issue-237 40 28 ratio ratio NOUN issue-237 40 29 development development NOUN issue-237 40 30 of of ADP issue-237 40 31 ukrainian ukrainian ADJ issue-237 40 32 banks bank NOUN issue-237 40 33 , , PUNCT issue-237 40 34 and and CCONJ issue-237 40 35 uah uah ADJ issue-237 40 36 / / SYM issue-237 40 37 usd usd NOUN issue-237 40 38 exchange exchange NOUN issue-237 40 39 rate rate NOUN issue-237 40 40 development development NOUN issue-237 40 41 . . PUNCT issue-237 41 1 2 2 X issue-237 41 2 . . X issue-237 41 3 ukrainian ukrainian ADJ issue-237 41 4 macroeconomic macroeconomic ADJ issue-237 41 5 indicators indicator NOUN issue-237 41 6 and and CCONJ issue-237 41 7 banks bank NOUN issue-237 41 8 ’ ’ PART issue-237 41 9 credit credit NOUN issue-237 41 10 ratings rating NOUN issue-237 41 11 development development NOUN issue-237 41 12 from from ADP issue-237 41 13 figure figure NOUN issue-237 41 14 1 1 NUM issue-237 41 15 , , PUNCT issue-237 41 16 it it PRON issue-237 41 17 can can AUX issue-237 41 18 be be AUX issue-237 41 19 seen see VERB issue-237 41 20 that that SCONJ issue-237 41 21 due due ADP issue-237 41 22 to to ADP issue-237 41 23 the the DET issue-237 41 24 economic economic ADJ issue-237 41 25 crisis crisis NOUN issue-237 41 26 and and CCONJ issue-237 41 27 political political ADJ issue-237 41 28 uncertainty uncertainty NOUN issue-237 41 29 the the DET issue-237 41 30 country country NOUN issue-237 41 31 was be AUX issue-237 41 32 hit hit VERB issue-237 41 33 by by ADP issue-237 41 34 the the DET issue-237 41 35 sharp sharp ADJ issue-237 41 36 increase increase NOUN issue-237 41 37 in in ADP issue-237 41 38 inflation inflation NOUN issue-237 41 39 starting start VERB issue-237 41 40 at at ADP issue-237 41 41 the the DET issue-237 41 42 beginning beginning NOUN issue-237 41 43 of of ADP issue-237 41 44 may may PROPN issue-237 41 45 2014 2014 NUM issue-237 41 46 with with ADP issue-237 41 47 the the DET issue-237 41 48 cpi cpi NOUN issue-237 41 49 reaching reach VERB issue-237 41 50 growth growth NOUN issue-237 41 51 rates rate NOUN issue-237 41 52 above above ADP issue-237 41 53 60 60 NUM issue-237 41 54 % % NOUN issue-237 41 55 in in ADP issue-237 41 56 april april PROPN issue-237 41 57 2015 2015 NUM issue-237 41 58 . . PUNCT issue-237 42 1 the the DET issue-237 42 2 ukrainian ukrainian ADJ issue-237 42 3 central central PROPN issue-237 42 4 bank bank NOUN issue-237 42 5 reacted react VERB issue-237 42 6 to to ADP issue-237 42 7 this this PRON issue-237 42 8 through through ADP issue-237 42 9 a a DET issue-237 42 10 strong strong ADJ issue-237 42 11 increase increase NOUN issue-237 42 12 in in ADP issue-237 42 13 the the DET issue-237 42 14 discount discount NOUN issue-237 42 15 rate rate NOUN issue-237 42 16 up up ADP issue-237 42 17 to to PART issue-237 42 18 30 30 NUM issue-237 42 19 % % NOUN issue-237 42 20 . . PUNCT issue-237 43 1 a a DET issue-237 43 2 painful painful ADJ issue-237 43 3 decline decline NOUN issue-237 43 4 in in ADP issue-237 43 5 the the DET issue-237 43 6 exchange exchange NOUN issue-237 43 7 rate rate NOUN issue-237 43 8 of of ADP issue-237 43 9 up up ADP issue-237 43 10 to to PART issue-237 43 11 30 30 NUM issue-237 43 12 uah uah NOUN issue-237 43 13 per per ADP issue-237 43 14 usd usd NOUN issue-237 43 15 in in ADP issue-237 43 16 february february PROPN issue-237 43 17 2015 2015 NUM issue-237 43 18 reflected reflect VERB issue-237 43 19 the the DET issue-237 43 20 strong strong ADJ issue-237 43 21 inflation inflation NOUN issue-237 43 22 and and CCONJ issue-237 43 23 since since SCONJ issue-237 43 24 then then ADV issue-237 43 25 has have AUX issue-237 43 26 been be AUX issue-237 43 27 strongly strongly ADV issue-237 43 28 counteracted counteract VERB issue-237 43 29 by by ADP issue-237 43 30 the the DET issue-237 43 31 national national PROPN issue-237 43 32 bank bank PROPN issue-237 43 33 of of ADP issue-237 43 34 ukraine ukraine NOUN issue-237 43 35 , , PUNCT issue-237 43 36 as as ADP issue-237 43 37 of of ADP issue-237 43 38 october october PROPN issue-237 43 39 2017 2017 NUM issue-237 43 40 stabilizing stabilize VERB issue-237 43 41 around around ADP issue-237 43 42 26 26 NUM issue-237 43 43 uah uah NOUN issue-237 43 44 per per ADP issue-237 43 45 usd usd NOUN issue-237 43 46 , , PUNCT issue-237 43 47 and and CCONJ issue-237 43 48 discount discount NOUN issue-237 43 49 rate rate NOUN issue-237 43 50 going go VERB issue-237 43 51 down down ADV issue-237 43 52 to to ADP issue-237 43 53 12.5 12.5 NUM issue-237 43 54 % % NOUN issue-237 43 55 . . PUNCT issue-237 44 1 gdp gdp NOUN issue-237 44 2 growth growth NOUN issue-237 44 3 reached reach VERB issue-237 44 4 the the DET issue-237 44 5 quarterly quarterly ADJ issue-237 44 6 rate rate NOUN issue-237 44 7 of of ADP issue-237 44 8 minus minus ADP issue-237 44 9 17 17 NUM issue-237 44 10 % % NOUN issue-237 44 11 in in ADP issue-237 44 12 march march PROPN issue-237 44 13 2015 2015 NUM issue-237 44 14 and and CCONJ issue-237 44 15 improving improve VERB issue-237 44 16 to to ADP issue-237 44 17 2.3 2.3 NUM issue-237 44 18 % % NOUN issue-237 44 19 in in ADP issue-237 44 20 the the DET issue-237 44 21 second second ADJ issue-237 44 22 quarter quarter NOUN issue-237 44 23 of of ADP issue-237 44 24 2017 2017 NUM issue-237 44 25 . . PUNCT issue-237 45 1 0 0 NUM issue-237 45 2 5 5 NUM issue-237 45 3 10 10 NUM issue-237 45 4 15 15 NUM issue-237 45 5 20 20 NUM issue-237 45 6 25 25 NUM issue-237 45 7 30 30 NUM issue-237 45 8 35 35 NUM issue-237 45 9 40 40 NUM issue-237 45 10 -20 -20 NUM issue-237 45 11 % % NOUN issue-237 45 12 -10 -10 NUM issue-237 45 13 % % NOUN issue-237 45 14 0 0 NUM issue-237 45 15 % % NOUN issue-237 45 16 10 10 NUM issue-237 45 17 % % NOUN issue-237 45 18 20 20 NUM issue-237 45 19 % % NOUN issue-237 45 20 30 30 NUM issue-237 45 21 % % NOUN issue-237 45 22 40 40 NUM issue-237 45 23 % % NOUN issue-237 45 24 50 50 NUM issue-237 45 25 % % NOUN issue-237 45 26 60 60 NUM issue-237 45 27 % % NOUN issue-237 45 28 70 70 NUM issue-237 45 29 % % NOUN issue-237 45 30 u u NOUN issue-237 45 31 a a DET issue-237 45 32 h h NOUN issue-237 45 33 /u /u PUNCT issue-237 45 34 sd sd NOUN issue-237 45 35 discount discount NOUN issue-237 45 36 rate rate NOUN issue-237 45 37 ( ( PUNCT issue-237 45 38 lhs lhs PROPN issue-237 45 39 ) ) PUNCT issue-237 45 40 cpi cpi PROPN issue-237 45 41 y y PROPN issue-237 45 42 - - PROPN issue-237 45 43 o o NOUN issue-237 45 44 - - PROPN issue-237 45 45 y y ADJ issue-237 45 46 change change NOUN issue-237 45 47 ( ( PUNCT issue-237 45 48 lhs lhs PROPN issue-237 45 49 ) ) PUNCT issue-237 45 50 gdp gdp NOUN issue-237 45 51 growth growth NOUN issue-237 45 52 ( ( PUNCT issue-237 45 53 lhs lhs PROPN issue-237 45 54 ) ) PUNCT issue-237 45 55 uah uah PROPN issue-237 45 56 / / SYM issue-237 45 57 usd usd NOUN issue-237 45 58 exchange exchange NOUN issue-237 45 59 rate rate NOUN issue-237 45 60 ( ( PUNCT issue-237 45 61 rhs rhs PROPN issue-237 45 62 ) ) PUNCT issue-237 45 63 fig fig NOUN issue-237 45 64 . . PUNCT issue-237 46 1 1 1 X issue-237 46 2 . . X issue-237 46 3 ukrainian ukrainian ADJ issue-237 46 4 macroeconomic macroeconomic ADJ issue-237 46 5 indicators indicator NOUN issue-237 46 6 development development NOUN issue-237 46 7 , , PUNCT issue-237 46 8 2012–2017 2012–2017 NUM issue-237 46 9 source source NOUN issue-237 46 10 : : PUNCT issue-237 46 11 the the DET issue-237 46 12 author author NOUN issue-237 46 13 ’s ’s PART issue-237 46 14 own own ADJ issue-237 46 15 research research NOUN issue-237 46 16 based base VERB issue-237 46 17 on on ADP issue-237 46 18 data datum NOUN issue-237 46 19 of of ADP issue-237 46 20 the the DET issue-237 46 21 national national PROPN issue-237 46 22 bank bank PROPN issue-237 46 23 of of ADP issue-237 46 24 ukraine ukraine PROPN issue-237 46 25 ( ( PUNCT issue-237 46 26 2017 2017 NUM issue-237 46 27 ) ) PUNCT issue-237 46 28 these these DET issue-237 46 29 developments development NOUN issue-237 46 30 have have AUX issue-237 46 31 been be AUX issue-237 46 32 reflected reflect VERB issue-237 46 33 in in ADP issue-237 46 34 the the DET issue-237 46 35 banks bank NOUN issue-237 46 36 ’ ' PUNCT issue-237 46 37 broadly broadly ADV issue-237 46 38 declining decline VERB issue-237 46 39 credit credit NOUN issue-237 46 40 ratings rating NOUN issue-237 46 41 . . PUNCT issue-237 47 1 while while SCONJ issue-237 47 2 a a DET issue-237 47 3 direct direct ADJ issue-237 47 4 cause cause NOUN issue-237 47 5 and and CCONJ issue-237 47 6 effect effect VERB issue-237 47 7 relationship relationship NOUN issue-237 47 8 between between ADP issue-237 47 9 credit credit NOUN issue-237 47 10 ratings rating NOUN issue-237 47 11 and and CCONJ issue-237 47 12 banks bank NOUN issue-237 47 13 ’ ' PUNCT issue-237 47 14 refinancing refinance VERB issue-237 47 15 risks risk NOUN issue-237 47 16 , , PUNCT issue-237 47 17 as as ADV issue-237 47 18 well well ADV issue-237 47 19 as as ADP issue-237 47 20 capital capital NOUN issue-237 47 21 costs cost NOUN issue-237 47 22 is be AUX issue-237 47 23 difficult difficult ADJ issue-237 47 24 to to PART issue-237 47 25 establish establish VERB issue-237 47 26 , , PUNCT issue-237 47 27 major major ADJ issue-237 47 28 bond bond NOUN issue-237 47 29 issuances issuance NOUN issue-237 47 30 , , PUNCT issue-237 47 31 especially especially ADV issue-237 47 32 those those PRON issue-237 47 33 marketed market VERB issue-237 47 34 to to ADP issue-237 47 35 international international ADJ issue-237 47 36 investors investor NOUN issue-237 47 37 , , PUNCT issue-237 47 38 usually usually ADV issue-237 47 39 require require VERB issue-237 47 40 a a DET issue-237 47 41 rating rating NOUN issue-237 47 42 by by ADP issue-237 47 43 a a DET issue-237 47 44 market market NOUN issue-237 47 45 - - PUNCT issue-237 47 46 leading lead VERB issue-237 47 47 agency agency NOUN issue-237 47 48 and and CCONJ issue-237 47 49 international international ADJ issue-237 47 50 asset asset NOUN issue-237 47 51 managers manager NOUN issue-237 47 52 often often ADV issue-237 47 53 are be AUX issue-237 47 54 operating operate VERB issue-237 47 55 under under ADP issue-237 47 56 certain certain ADJ issue-237 47 57 investment investment NOUN issue-237 47 58 restrictions restriction NOUN issue-237 47 59 with with ADP issue-237 47 60 respect respect NOUN issue-237 47 61 to to ADP issue-237 47 62 certain certain ADJ issue-237 47 63 rating rating NOUN issue-237 47 64 levels level NOUN issue-237 47 65 . . PUNCT issue-237 48 1 therefore therefore ADV issue-237 48 2 , , PUNCT issue-237 48 3 credit credit NOUN issue-237 48 4 rating rating NOUN issue-237 48 5 levels level NOUN issue-237 48 6 continue continue VERB issue-237 48 7 to to PART issue-237 48 8 have have VERB issue-237 48 9 strong strong ADJ issue-237 48 10 implications implication NOUN issue-237 48 11 for for ADP issue-237 48 12 the the DET issue-237 48 13 ability ability NOUN issue-237 48 14 of of ADP issue-237 48 15 banks bank NOUN issue-237 48 16 to to PART issue-237 48 17 access access VERB issue-237 48 18 refinancing refinance VERB issue-237 48 19 markets market NOUN issue-237 48 20 , , PUNCT issue-237 48 21 as as ADV issue-237 48 22 well well ADV issue-237 48 23 as as ADP issue-237 48 24 their their PRON issue-237 48 25 overall overall ADJ issue-237 48 26 cost cost NOUN issue-237 48 27 of of ADP issue-237 48 28 capital capital NOUN issue-237 48 29 , , PUNCT issue-237 48 30 reflecting reflect VERB issue-237 48 31 the the DET issue-237 48 32 market market NOUN issue-237 48 33 ’s ’s PART issue-237 48 34 increased increase VERB issue-237 48 35 perception perception NOUN issue-237 48 36 of of ADP issue-237 48 37 risk risk NOUN issue-237 48 38 for for ADP issue-237 48 39 the the DET issue-237 48 40 ukrainian ukrainian ADJ issue-237 48 41 economy economy NOUN issue-237 48 42 as as ADP issue-237 48 43 a a DET issue-237 48 44 whole whole NOUN issue-237 48 45 and and CCONJ issue-237 48 46 the the DET issue-237 48 47 banking banking NOUN issue-237 48 48 sector sector NOUN issue-237 48 49 in in ADP issue-237 48 50 particular particular ADJ issue-237 48 51 . . PUNCT issue-237 49 1 looking look VERB issue-237 49 2 at at ADP issue-237 49 3 the the DET issue-237 49 4 long long ADJ issue-237 49 5 - - PUNCT issue-237 49 6 term term NOUN issue-237 49 7 issuer issuer NOUN issue-237 49 8 default default NOUN issue-237 49 9 ratings rating NOUN issue-237 49 10 of of ADP issue-237 49 11 the the DET issue-237 49 12 country country NOUN issue-237 49 13 ’s ’s PART issue-237 49 14 three three NUM issue-237 49 15 largest large ADJ issue-237 49 16 lenders lender NOUN issue-237 49 17 , , PUNCT issue-237 49 18 privatbank privatbank NOUN issue-237 49 19 , , PUNCT issue-237 49 20 oschadbank oschadbank PROPN issue-237 49 21 , , PUNCT issue-237 49 22 and and CCONJ issue-237 49 23 ukreximbank ukreximbank NOUN issue-237 49 24 , , PUNCT issue-237 49 25 as as SCONJ issue-237 49 26 determined determine VERB issue-237 49 27 by by ADP issue-237 49 28 fitch fitch NOUN issue-237 49 29 , , PUNCT issue-237 49 30 there there PRON issue-237 49 31 has have AUX issue-237 49 32 been be AUX issue-237 49 33 a a DET issue-237 49 34 steady steady ADJ issue-237 49 35 decline decline NOUN issue-237 49 36 until until ADP issue-237 49 37 the the DET issue-237 49 38 second second ADJ issue-237 49 39 quarter quarter NOUN issue-237 49 40 of of ADP issue-237 49 41 2015 2015 NUM issue-237 49 42 . . PUNCT issue-237 50 1 banks bank NOUN issue-237 50 2 ’ ' PUNCT issue-237 50 3 rating rating NOUN issue-237 50 4 downgrades downgrade NOUN issue-237 50 5 started start VERB issue-237 50 6 in in ADP issue-237 50 7 september september PROPN issue-237 50 8 2013 2013 NUM issue-237 50 9 , , PUNCT issue-237 50 10 preceding precede VERB issue-237 50 11 the the DET issue-237 50 12 decline decline NOUN issue-237 50 13 of of ADP issue-237 50 14 macroeconomic macroeconomic ADJ issue-237 50 15 indicators indicator NOUN issue-237 50 16 ( ( PUNCT issue-237 50 17 see see VERB issue-237 50 18 figure figure NOUN issue-237 50 19 1 1 NUM issue-237 50 20 ) ) PUNCT issue-237 50 21 . . PUNCT issue-237 51 1 rating rating NOUN issue-237 51 2 improvements improvement NOUN issue-237 51 3 for for ADP issue-237 51 4 oschadbank oschadbank NOUN issue-237 51 5 and and CCONJ issue-237 51 6 ukreximbank ukreximbank NOUN issue-237 51 7 started start VERB issue-237 51 8 in in ADP issue-237 51 9 q3 q3 PROPN issue-237 51 10 2015 2015 NUM issue-237 51 11 , , PUNCT issue-237 51 12 following follow VERB issue-237 51 13 the the DET issue-237 51 14 privatbank privatbank PROPN issue-237 51 15 oschadbank oschadbank PROPN issue-237 51 16 ukreximbank ukreximbank PROPN issue-237 51 17 d d PROPN issue-237 51 18 rd rd NOUN issue-237 51 19 c c NOUN issue-237 51 20 cc cc PROPN issue-237 51 21 ccc ccc PROPN issue-237 51 22 bb bb PROPN issue-237 51 23 b+ b+ VERB issue-237 51 24 bbbb bbbb PROPN issue-237 51 25 fig fig PROPN issue-237 51 26 . . PUNCT issue-237 52 1 2 2 X issue-237 52 2 . . X issue-237 52 3 fitch fitch NOUN issue-237 52 4 ratings rating NOUN issue-237 52 5 development development NOUN issue-237 52 6 for for ADP issue-237 52 7 privatbank privatbank PROPN issue-237 52 8 , , PUNCT issue-237 52 9 oschadbank oschadbank PROPN issue-237 52 10 , , PUNCT issue-237 52 11 and and CCONJ issue-237 52 12 ukreximbank ukreximbank NOUN issue-237 52 13 , , PUNCT issue-237 52 14 2008–2017 2008–2017 NUM issue-237 52 15 source source NOUN issue-237 52 16 : : PUNCT issue-237 52 17 the the DET issue-237 52 18 author author NOUN issue-237 52 19 ’s ’s PART issue-237 52 20 own own ADJ issue-237 52 21 research research NOUN issue-237 52 22 based base VERB issue-237 52 23 on on ADP issue-237 52 24 banks bank NOUN issue-237 52 25 ’ ' PUNCT issue-237 52 26 public public ADJ issue-237 52 27 information information NOUN issue-237 52 28 and and CCONJ issue-237 52 29 fitch fitch NOUN issue-237 52 30 ratings rating NOUN issue-237 52 31 ( ( PUNCT issue-237 52 32 2017 2017 NUM issue-237 52 33 , , PUNCT issue-237 52 34 july july PROPN issue-237 52 35 25 25 NUM issue-237 52 36 ) ) PUNCT issue-237 52 37 baltic baltic ADJ issue-237 52 38 journal journal NOUN issue-237 52 39 of of ADP issue-237 52 40 economic economic ADJ issue-237 52 41 studies study NOUN issue-237 52 42 218 218 NUM issue-237 52 43 vol vol NOUN issue-237 52 44 . . PUNCT issue-237 53 1 3 3 NUM issue-237 53 2 , , PUNCT issue-237 53 3 no no INTJ issue-237 53 4 . . NOUN issue-237 53 5 4 4 NUM issue-237 53 6 , , PUNCT issue-237 53 7 2017 2017 NUM issue-237 53 8 stabilization stabilization NOUN issue-237 53 9 of of ADP issue-237 53 10 the the DET issue-237 53 11 economic economic ADJ issue-237 53 12 situation situation NOUN issue-237 53 13 while while SCONJ issue-237 53 14 the the DET issue-237 53 15 recent recent ADJ issue-237 53 16 downgrade downgrade NOUN issue-237 53 17 of of ADP issue-237 53 18 privatbank privatbank NOUN issue-237 53 19 to to AUX issue-237 53 20 rd rd PROPN issue-237 53 21 in in ADP issue-237 53 22 the the DET issue-237 53 23 last last ADJ issue-237 53 24 quarter quarter NOUN issue-237 53 25 of of ADP issue-237 53 26 2016 2016 NUM issue-237 53 27 can can AUX issue-237 53 28 be be AUX issue-237 53 29 attributed attribute VERB issue-237 53 30 to to ADP issue-237 53 31 the the DET issue-237 53 32 bank bank NOUN issue-237 53 33 ’s ’s PART issue-237 53 34 individual individual ADJ issue-237 53 35 financial financial ADJ issue-237 53 36 difficulties difficulty NOUN issue-237 53 37 ( ( PUNCT issue-237 53 38 see see VERB issue-237 53 39 figure figure NOUN issue-237 53 40 2 2 NUM issue-237 53 41 ) ) PUNCT issue-237 53 42 . . PUNCT issue-237 54 1 3 3 X issue-237 54 2 . . X issue-237 54 3 methodical methodical ADJ issue-237 54 4 approaches approach NOUN issue-237 54 5 this this DET issue-237 54 6 research research NOUN issue-237 54 7 applies apply VERB issue-237 54 8 a a DET issue-237 54 9 qualitative qualitative ADJ issue-237 54 10 comparative comparative ADJ issue-237 54 11 analysis analysis NOUN issue-237 54 12 to to ADP issue-237 54 13 a a DET issue-237 54 14 range range NOUN issue-237 54 15 of of ADP issue-237 54 16 indicators indicator NOUN issue-237 54 17 of of ADP issue-237 54 18 the the DET issue-237 54 19 health health NOUN issue-237 54 20 of of ADP issue-237 54 21 the the DET issue-237 54 22 ukrainian ukrainian ADJ issue-237 54 23 economy economy NOUN issue-237 54 24 and and CCONJ issue-237 54 25 its its PRON issue-237 54 26 banking banking NOUN issue-237 54 27 sector sector NOUN issue-237 54 28 . . PUNCT issue-237 55 1 quantitative quantitative ADJ issue-237 55 2 data datum NOUN issue-237 55 3 for for ADP issue-237 55 4 this this DET issue-237 55 5 review review NOUN issue-237 55 6 has have AUX issue-237 55 7 been be AUX issue-237 55 8 collected collect VERB issue-237 55 9 from from ADP issue-237 55 10 a a DET issue-237 55 11 number number NOUN issue-237 55 12 of of ADP issue-237 55 13 sources source NOUN issue-237 55 14 , , PUNCT issue-237 55 15 predominantly predominantly ADV issue-237 55 16 bloomberg bloomberg PROPN issue-237 55 17 , , PUNCT issue-237 55 18 fitch fitch NOUN issue-237 55 19 ratings rating NOUN issue-237 55 20 , , PUNCT issue-237 55 21 and and CCONJ issue-237 55 22 national national PROPN issue-237 55 23 bank bank PROPN issue-237 55 24 of of ADP issue-237 55 25 ukraine ukraine PROPN issue-237 55 26 . . PUNCT issue-237 56 1 three three NUM issue-237 56 2 major major ADJ issue-237 56 3 ukrainian ukrainian ADJ issue-237 56 4 banks bank NOUN issue-237 56 5     SPACE issue-237 56 6 – – PUNCT issue-237 56 7 privatbank privatbank NOUN issue-237 56 8 , , PUNCT issue-237 56 9 oschadbank oschadbank PROPN issue-237 56 10 , , PUNCT issue-237 56 11 and and CCONJ issue-237 56 12 ukreximbank ukreximbank NOUN issue-237 56 13 were be AUX issue-237 56 14 taken take VERB issue-237 56 15 for for ADP issue-237 56 16 the the DET issue-237 56 17 analysis analysis NOUN issue-237 56 18 . . PUNCT issue-237 57 1 to to PART issue-237 57 2 understand understand VERB issue-237 57 3 the the DET issue-237 57 4 credit credit NOUN issue-237 57 5 quality quality NOUN issue-237 57 6 assessment assessment NOUN issue-237 57 7 , , PUNCT issue-237 57 8 taking take VERB issue-237 57 9 fitch fitch NOUN issue-237 57 10 's 's PART issue-237 57 11 systematic systematic NOUN issue-237 57 12 as as ADP issue-237 57 13 an an DET issue-237 57 14 example example NOUN issue-237 57 15 , , PUNCT issue-237 57 16 the the DET issue-237 57 17 long long ADJ issue-237 57 18 - - PUNCT issue-237 57 19 term term NOUN issue-237 57 20 issuer issuer NOUN issue-237 57 21 default default NOUN issue-237 57 22 ratings rating NOUN issue-237 57 23 are be AUX issue-237 57 24 informed inform VERB issue-237 57 25 by by ADP issue-237 57 26 a a DET issue-237 57 27 combination combination NOUN issue-237 57 28 of of ADP issue-237 57 29 two two NUM issue-237 57 30 elements element NOUN issue-237 57 31 , , PUNCT issue-237 57 32 namely namely ADV issue-237 57 33 ( ( PUNCT issue-237 57 34 i i NOUN issue-237 57 35 ) ) PUNCT issue-237 57 36 the the DET issue-237 57 37 individual individual PROPN issue-237 57 38 bank bank PROPN issue-237 57 39 ’s ’s PART issue-237 57 40 viability viability NOUN issue-237 57 41 rating rating NOUN issue-237 57 42 and and CCONJ issue-237 57 43 ( ( PUNCT issue-237 57 44 ii ii NOUN issue-237 57 45 ) ) PUNCT issue-237 57 46 the the DET issue-237 57 47 support support NOUN issue-237 57 48 rating rating NOUN issue-237 57 49 from from ADP issue-237 57 50 an an DET issue-237 57 51 institutional institutional ADJ issue-237 57 52 and/or and/or CCONJ issue-237 57 53 sovereign sovereign ADJ issue-237 57 54 level level NOUN issue-237 57 55 ( ( PUNCT issue-237 57 56 fitch fitch NOUN issue-237 57 57 ratings rating NOUN issue-237 57 58 , , PUNCT issue-237 57 59 2014 2014 NUM issue-237 57 60 , , PUNCT issue-237 57 61 april april PROPN issue-237 57 62 ) ) PUNCT issue-237 57 63 . . PUNCT issue-237 58 1 credit credit NOUN issue-237 58 2 ratings rating NOUN issue-237 58 3 are be AUX issue-237 58 4 therefore therefore ADV issue-237 58 5 inherently inherently ADV issue-237 58 6 linked link VERB issue-237 58 7 to to ADP issue-237 58 8 the the DET issue-237 58 9 respective respective ADJ issue-237 58 10 sovereign sovereign ADJ issue-237 58 11 rating rating NOUN issue-237 58 12 . . PUNCT issue-237 59 1 fitch fitch NOUN issue-237 59 2 on on ADP issue-237 59 3 april april PROPN issue-237 59 4 28 28 NUM issue-237 59 5 , , PUNCT issue-237 59 6 2017 2017 NUM issue-237 59 7 , , PUNCT issue-237 59 8 affirmed affirm VERB issue-237 59 9 november november PROPN issue-237 59 10 11 11 NUM issue-237 59 11 , , PUNCT issue-237 59 12 2016 2016 NUM issue-237 59 13 , , PUNCT issue-237 59 14 long long ADJ issue-237 59 15 - - PUNCT issue-237 59 16 term term NOUN issue-237 59 17 foreignand foreignand ADJ issue-237 59 18 local local ADJ issue-237 59 19 - - PUNCT issue-237 59 20 currency currency NOUN issue-237 59 21 issuer issuer NOUN issue-237 59 22 default default NOUN issue-237 59 23 ratings rating NOUN issue-237 59 24 for for ADP issue-237 59 25 ukraine ukraine NOUN issue-237 59 26 at at ADP issue-237 59 27 “ " PUNCT issue-237 59 28 b- b- X issue-237 59 29 ” " PUNCT issue-237 59 30 with with ADP issue-237 59 31 having have VERB issue-237 59 32 a a DET issue-237 59 33 stable stable ADJ issue-237 59 34 prognosis prognosis NOUN issue-237 59 35 . . PUNCT issue-237 60 1 fitch fitch PROPN issue-237 60 2 upgraded upgrade VERB issue-237 60 3 the the DET issue-237 60 4 ukrainian ukrainian ADJ issue-237 60 5 state state NOUN issue-237 60 6 from from ADP issue-237 60 7 ccc ccc PROPN issue-237 60 8 level level NOUN issue-237 60 9 , , PUNCT issue-237 60 10 which which PRON issue-237 60 11 was be AUX issue-237 60 12 indicating indicate VERB issue-237 60 13 that that SCONJ issue-237 60 14 default default NOUN issue-237 60 15 was be AUX issue-237 60 16 an an DET issue-237 60 17 actual actual ADJ issue-237 60 18 possibility possibility NOUN issue-237 60 19 , , PUNCT issue-237 60 20 noting note VERB issue-237 60 21 that that SCONJ issue-237 60 22 chance chance NOUN issue-237 60 23 for for ADP issue-237 60 24 meeting meet VERB issue-237 60 25 financial financial ADJ issue-237 60 26 commitments commitment NOUN issue-237 60 27 depended depend VERB issue-237 60 28 on on ADP issue-237 60 29 improving improve VERB issue-237 60 30 the the DET issue-237 60 31 economic economic ADJ issue-237 60 32 situation situation NOUN issue-237 60 33 . . PUNCT issue-237 61 1 during during ADP issue-237 61 2 the the DET issue-237 61 3 same same ADJ issue-237 61 4 time time NOUN issue-237 61 5 , , PUNCT issue-237 61 6 fitch fitch PROPN issue-237 61 7 upgraded upgrade VERB issue-237 61 8 oschadbank oschadbank NOUN issue-237 61 9 and and CCONJ issue-237 61 10 ukreximbank ukreximbank NOUN issue-237 61 11 from from ADP issue-237 61 12 ccc ccc PROPN issue-237 61 13 rates rate NOUN issue-237 61 14 to to ADP issue-237 61 15 b- b- X issue-237 61 16 , , PUNCT issue-237 61 17 while while SCONJ issue-237 61 18 privatbank privatbank PROPN issue-237 61 19 was be AUX issue-237 61 20 downgraded downgrade VERB issue-237 61 21 to to ADP issue-237 61 22 rd rd PROPN issue-237 61 23 , , PUNCT issue-237 61 24 which which PRON issue-237 61 25 according accord VERB issue-237 61 26 to to ADP issue-237 61 27 fitch fitch NOUN issue-237 61 28 can can AUX issue-237 61 29 indicate indicate VERB issue-237 61 30 default default NOUN issue-237 61 31 on on ADP issue-237 61 32 financial financial ADJ issue-237 61 33 obligations obligation NOUN issue-237 61 34 that that PRON issue-237 61 35 has have AUX issue-237 61 36 not not PART issue-237 61 37 yet yet ADV issue-237 61 38 led lead VERB issue-237 61 39 to to ADP issue-237 61 40 filing file VERB issue-237 61 41 for for ADP issue-237 61 42 bankruptcy bankruptcy NOUN issue-237 61 43 or or CCONJ issue-237 61 44 any any DET issue-237 61 45 other other ADJ issue-237 61 46 winding wind VERB issue-237 61 47 - - PUNCT issue-237 61 48 up up ADP issue-237 61 49 process process NOUN issue-237 61 50 , , PUNCT issue-237 61 51 thus thus ADV issue-237 61 52 remaining remain VERB issue-237 61 53 in in ADP issue-237 61 54 operations operation NOUN issue-237 61 55 . . PUNCT issue-237 62 1 the the DET issue-237 62 2 privatbank privatbank PROPN issue-237 62 3 downgrade downgrade NOUN issue-237 62 4 can can AUX issue-237 62 5 also also ADV issue-237 62 6 reflect reflect VERB issue-237 62 7 the the DET issue-237 62 8 nationalization nationalization NOUN issue-237 62 9 by by ADP issue-237 62 10 the the DET issue-237 62 11 government government NOUN issue-237 62 12 of of ADP issue-237 62 13 ukraine ukraine NOUN issue-237 62 14 in in ADP issue-237 62 15 december december PROPN issue-237 62 16 2016 2016 NUM issue-237 62 17 , , PUNCT issue-237 62 18 as as ADP issue-237 62 19 a a DET issue-237 62 20 result result NOUN issue-237 62 21 of of ADP issue-237 62 22 the the DET issue-237 62 23 national national PROPN issue-237 62 24 bank bank PROPN issue-237 62 25 of of ADP issue-237 62 26 ukraine ukraine PROPN issue-237 62 27 investigation investigation NOUN issue-237 62 28 of of ADP issue-237 62 29 privatbank privatbank PROPN issue-237 62 30 ’s ’s PART issue-237 62 31 capital capital NOUN issue-237 62 32 deficit deficit NOUN issue-237 62 33 . . PUNCT issue-237 63 1 4 4 X issue-237 63 2 . . X issue-237 63 3 findings finding VERB issue-237 63 4 the the DET issue-237 63 5 analysis analysis NOUN issue-237 63 6 showed show VERB issue-237 63 7 that that SCONJ issue-237 63 8 concerning concern VERB issue-237 63 9 ukrainian ukrainian ADJ issue-237 63 10 banks bank NOUN issue-237 63 11 , , PUNCT issue-237 63 12 the the DET issue-237 63 13 international international ADJ issue-237 63 14 ratings rating NOUN issue-237 63 15 by by ADP issue-237 63 16 fitch fitch PROPN issue-237 63 17 , , PUNCT issue-237 63 18 s&p s&p PROPN issue-237 63 19 and and CCONJ issue-237 63 20 moody moody PROPN issue-237 63 21 ’s ’s PART issue-237 63 22 are be AUX issue-237 63 23 based base VERB issue-237 63 24 on on ADP issue-237 63 25 several several ADJ issue-237 63 26 key key ADJ issue-237 63 27 drivers driver NOUN issue-237 63 28 , , PUNCT issue-237 63 29 which which PRON issue-237 63 30 inform inform VERB issue-237 63 31 the the DET issue-237 63 32 agencies agency NOUN issue-237 63 33 ’ ’ PART issue-237 63 34 current current ADJ issue-237 63 35 risk risk NOUN issue-237 63 36 assessments assessment NOUN issue-237 63 37 , , PUNCT issue-237 63 38 as as ADV issue-237 63 39 well well ADV issue-237 63 40 as as ADP issue-237 63 41 conditions condition NOUN issue-237 63 42 for for ADP issue-237 63 43 future future ADJ issue-237 63 44 rating rating NOUN issue-237 63 45 actions action NOUN issue-237 63 46 . . PUNCT issue-237 64 1 in in ADP issue-237 64 2 the the DET issue-237 64 3 research research NOUN issue-237 64 4 , , PUNCT issue-237 64 5 the the DET issue-237 64 6 following follow VERB issue-237 64 7 credit credit NOUN issue-237 64 8 rating rating NOUN issue-237 64 9 drivers driver NOUN issue-237 64 10 for for ADP issue-237 64 11 ukrainian ukrainian ADJ issue-237 64 12 banks bank NOUN issue-237 64 13 were be AUX issue-237 64 14 identified identify VERB issue-237 64 15 . . PUNCT issue-237 65 1 sovereign sovereign ADJ issue-237 65 2 risk risk NOUN issue-237 65 3 . . PUNCT issue-237 66 1 according accord VERB issue-237 66 2 to to ADP issue-237 66 3 imf imf PROPN issue-237 66 4 ( ( PUNCT issue-237 66 5 2015 2015 NUM issue-237 66 6 , , PUNCT issue-237 66 7 august august PROPN issue-237 66 8 4 4 NUM issue-237 66 9 ) ) PUNCT issue-237 66 10 data datum NOUN issue-237 66 11 , , PUNCT issue-237 66 12 51 51 NUM issue-237 66 13 banks bank NOUN issue-237 66 14 representing represent VERB issue-237 66 15 ca ca NOUN issue-237 66 16 22 22 NUM issue-237 66 17 % % NOUN issue-237 66 18 of of ADP issue-237 66 19 the the DET issue-237 66 20 ukrainian ukrainian ADJ issue-237 66 21 banking banking NOUN issue-237 66 22 system system NOUN issue-237 66 23 ’s ’s PART issue-237 66 24 total total ADJ issue-237 66 25 assets asset NOUN issue-237 66 26 have have AUX issue-237 66 27 fallen fall VERB issue-237 66 28 into into ADP issue-237 66 29 insolvency insolvency NOUN issue-237 66 30 since since SCONJ issue-237 66 31 the the DET issue-237 66 32 beginning beginning NOUN issue-237 66 33 of of ADP issue-237 66 34 2014 2014 NUM issue-237 66 35 , , PUNCT issue-237 66 36 42 42 NUM issue-237 66 37 of of ADP issue-237 66 38 which which PRON issue-237 66 39 were be AUX issue-237 66 40 in in ADP issue-237 66 41 liquidation liquidation NOUN issue-237 66 42 . . PUNCT issue-237 67 1 furthermore furthermore ADV issue-237 67 2 , , PUNCT issue-237 67 3 several several ADJ issue-237 67 4 banks bank NOUN issue-237 67 5 were be AUX issue-237 67 6 engaged engage VERB issue-237 67 7 in in ADP issue-237 67 8 restructuring restructure VERB issue-237 67 9 their their PRON issue-237 67 10 foreign foreign ADJ issue-237 67 11 currency currency NOUN issue-237 67 12 liabilities liability NOUN issue-237 67 13 to to PART issue-237 67 14 free free VERB issue-237 67 15 up up ADP issue-237 67 16 capital capital NOUN issue-237 67 17 . . PUNCT issue-237 68 1 the the DET issue-237 68 2 research research NOUN issue-237 68 3 showed show VERB issue-237 68 4 , , PUNCT issue-237 68 5 as as SCONJ issue-237 68 6 can can AUX issue-237 68 7 be be AUX issue-237 68 8 seen see VERB issue-237 68 9 in in ADP issue-237 68 10 figure figure NOUN issue-237 68 11 3 3 NUM issue-237 68 12 , , PUNCT issue-237 68 13 the the DET issue-237 68 14 yield yield NOUN issue-237 68 15 on on ADP issue-237 68 16 short short ADV issue-237 68 17 - - PUNCT issue-237 68 18 dated date VERB issue-237 68 19 ukrainian ukrainian ADJ issue-237 68 20 government government NOUN issue-237 68 21 bonds bond NOUN issue-237 68 22 has have AUX issue-237 68 23 increased increased AUX issue-237 68 24 dramatically dramatically ADV issue-237 68 25 followed follow VERB issue-237 68 26 by by ADP issue-237 68 27 the the DET issue-237 68 28 corresponding corresponding ADJ issue-237 68 29 cds cd NOUN issue-237 68 30 , , PUNCT issue-237 68 31 indicating indicate VERB issue-237 68 32 the the DET issue-237 68 33 market market NOUN issue-237 68 34 ’s ’s PART issue-237 68 35 assessment assessment NOUN issue-237 68 36 of of ADP issue-237 68 37 the the DET issue-237 68 38 stressed stressed ADJ issue-237 68 39 state state NOUN issue-237 68 40 of of ADP issue-237 68 41 the the DET issue-237 68 42 country country NOUN issue-237 68 43 ’s ’s PART issue-237 68 44 government government NOUN issue-237 68 45 . . PUNCT issue-237 69 1 the the DET issue-237 69 2 2 2 NUM issue-237 69 3 - - PUNCT issue-237 69 4 year year NOUN issue-237 69 5 and and CCONJ issue-237 69 6 5 5 NUM issue-237 69 7 - - PUNCT issue-237 69 8 year year NOUN issue-237 69 9 government government NOUN issue-237 69 10 bond bond NOUN issue-237 69 11 yields yield NOUN issue-237 69 12 in in ADP issue-237 69 13 usd usd NOUN issue-237 69 14 have have VERB issue-237 69 15 similar similar ADJ issue-237 69 16 development development NOUN issue-237 69 17 trends trend NOUN issue-237 69 18 as as ADP issue-237 69 19 2 2 NUM issue-237 69 20 - - PUNCT issue-237 69 21 year year NOUN issue-237 69 22 and and CCONJ issue-237 69 23 5 5 NUM issue-237 69 24 - - PUNCT issue-237 69 25 year year NOUN issue-237 69 26 cds cd NOUN issue-237 69 27 , , PUNCT issue-237 69 28 which which PRON issue-237 69 29 spiked spike VERB issue-237 69 30 in in ADP issue-237 69 31 the the DET issue-237 69 32 spring spring NOUN issue-237 69 33 of of ADP issue-237 69 34 2015 2015 NUM issue-237 69 35 , , PUNCT issue-237 69 36 indicating indicate VERB issue-237 69 37 the the DET issue-237 69 38 market market NOUN issue-237 69 39 's 's PART issue-237 69 40 assessment assessment NOUN issue-237 69 41 of of ADP issue-237 69 42 the the DET issue-237 69 43 country country NOUN issue-237 69 44 's 's PART issue-237 69 45 critical critical ADJ issue-237 69 46 economic economic ADJ issue-237 69 47 and and CCONJ issue-237 69 48 governmental governmental ADJ issue-237 69 49 state state NOUN issue-237 69 50 . . PUNCT issue-237 70 1 during during ADP issue-237 70 2 this this DET issue-237 70 3 time time NOUN issue-237 70 4 conventional conventional ADJ issue-237 70 5 yield yield NOUN issue-237 70 6 structures structure NOUN issue-237 70 7 inversed inverse VERB issue-237 70 8 with with ADP issue-237 70 9 2 2 NUM issue-237 70 10 - - PUNCT issue-237 70 11 year year NOUN issue-237 70 12 government government NOUN issue-237 70 13 bond bond NOUN issue-237 70 14 yield yield NOUN issue-237 70 15 in in ADP issue-237 70 16 usd usd NOUN issue-237 70 17 trading trading NOUN issue-237 70 18 at at ADP issue-237 70 19 significantly significantly ADV issue-237 70 20 higher high ADJ issue-237 70 21 yields yield NOUN issue-237 70 22 than than ADP issue-237 70 23 5 5 NUM issue-237 70 24 - - PUNCT issue-237 70 25 year year NOUN issue-237 70 26 government government NOUN issue-237 70 27 bond bond NOUN issue-237 70 28 yield yield NOUN issue-237 70 29 in in ADP issue-237 70 30 usd usd PROPN issue-237 70 31 . . PUNCT issue-237 71 1 while while SCONJ issue-237 71 2 longer long ADJ issue-237 71 3 maturity maturity NOUN issue-237 71 4 instruments instrument NOUN issue-237 71 5 should should AUX issue-237 71 6 usually usually ADV issue-237 71 7 trade trade VERB issue-237 71 8 at at ADP issue-237 71 9 a a DET issue-237 71 10 higher high ADJ issue-237 71 11 rate rate NOUN issue-237 71 12 , , PUNCT issue-237 71 13 this this DET issue-237 71 14 development development NOUN issue-237 71 15 clearly clearly ADV issue-237 71 16 reflected reflect VERB issue-237 71 17 the the DET issue-237 71 18 public public ADJ issue-237 71 19 market market NOUN issue-237 71 20 scepticism scepticism NOUN issue-237 71 21 of of ADP issue-237 71 22 the the DET issue-237 71 23 ukrainian ukrainian ADJ issue-237 71 24 government government NOUN issue-237 71 25 ’s ’s PART issue-237 71 26 shortterm shortterm PROPN issue-237 71 27 solvency solvency NOUN issue-237 71 28 outlook outlook NOUN issue-237 71 29 . . PUNCT issue-237 72 1 yields yield NOUN issue-237 72 2 reached reach VERB issue-237 72 3 a a DET issue-237 72 4 peak peak NOUN issue-237 72 5 of of ADP issue-237 72 6 around around ADP issue-237 72 7 of of ADP issue-237 72 8 80 80 NUM issue-237 72 9 % % NOUN issue-237 72 10 at at ADP issue-237 72 11 the the DET issue-237 72 12 end end NOUN issue-237 72 13 of of ADP issue-237 72 14 march march PROPN issue-237 72 15 2015 2015 NUM issue-237 72 16 ; ; PUNCT issue-237 72 17 one one NUM issue-237 72 18 week week NOUN issue-237 72 19 after after SCONJ issue-237 72 20 the the DET issue-237 72 21 ukrainian ukrainian ADJ issue-237 72 22 parliament parliament NOUN issue-237 72 23 approved approve VERB issue-237 72 24 the the DET issue-237 72 25 list list NOUN issue-237 72 26 of of ADP issue-237 72 27 regions region NOUN issue-237 72 28 on on ADP issue-237 72 29 the the DET issue-237 72 30 special special ADJ issue-237 72 31 status status NOUN issue-237 72 32 of of ADP issue-237 72 33 donbas donbas NOUN issue-237 72 34 on on ADP issue-237 72 35 the the DET issue-237 72 36 17 17 NUM issue-237 72 37 of of ADP issue-237 72 38 march march PROPN issue-237 72 39 , , PUNCT issue-237 72 40 as as SCONJ issue-237 72 41 was be AUX issue-237 72 42 discussed discuss VERB issue-237 72 43 at at ADP issue-237 72 44 the the DET issue-237 72 45 minsk minsk PROPN issue-237 72 46 ii ii PROPN issue-237 72 47 . . PUNCT issue-237 73 1 as as ADP issue-237 73 2 of of ADP issue-237 73 3 today today NOUN issue-237 73 4 , , PUNCT issue-237 73 5 government government NOUN issue-237 73 6 bond bond NOUN issue-237 73 7 yields yield NOUN issue-237 73 8 returned return VERB issue-237 73 9 to to ADP issue-237 73 10 normal normal ADJ issue-237 73 11 patterns pattern NOUN issue-237 73 12 with with ADP issue-237 73 13 the the DET issue-237 73 14 5 5 NUM issue-237 73 15 - - PUNCT issue-237 73 16 year year NOUN issue-237 73 17 government government NOUN issue-237 73 18 bond bond NOUN issue-237 73 19 yield yield NOUN issue-237 73 20 in in ADP issue-237 73 21 usd usd NOUN issue-237 73 22 exceeding exceed VERB issue-237 73 23 that that PRON issue-237 73 24 of of ADP issue-237 73 25 the the DET issue-237 73 26 2 2 NUM issue-237 73 27 - - PUNCT issue-237 73 28 year year NOUN issue-237 73 29 yield yield NOUN issue-237 73 30 by by ADP issue-237 73 31 ca ca PROPN issue-237 73 32 130 130 NUM issue-237 73 33 bps bps NOUN issue-237 73 34 . . NOUN issue-237 73 35 0 0 NUM issue-237 74 1 1000 1000 NUM issue-237 74 2 2000 2000 NUM issue-237 74 3 3000 3000 NUM issue-237 74 4 4000 4000 NUM issue-237 74 5 5000 5000 NUM issue-237 74 6 6000 6000 NUM issue-237 74 7 7000 7000 NUM issue-237 74 8 8000 8000 NUM issue-237 74 9 9000 9000 NUM issue-237 74 10 0 0 NUM issue-237 74 11 % % NOUN issue-237 74 12 10 10 NUM issue-237 74 13 % % NOUN issue-237 74 14 20 20 NUM issue-237 74 15 % % NOUN issue-237 74 16 30 30 NUM issue-237 74 17 % % NOUN issue-237 74 18 40 40 NUM issue-237 74 19 % % NOUN issue-237 74 20 50 50 NUM issue-237 74 21 % % NOUN issue-237 74 22 60 60 NUM issue-237 74 23 % % NOUN issue-237 74 24 70 70 NUM issue-237 74 25 % % NOUN issue-237 74 26 80 80 NUM issue-237 74 27 % % NOUN issue-237 74 28 90 90 NUM issue-237 74 29 % % NOUN issue-237 74 30 gvt gvt NOUN issue-237 74 31 bond bond NOUN issue-237 74 32 yield yield VERB issue-237 74 33 2y 2y NUM issue-237 74 34 usd usd NOUN issue-237 74 35 gvt gvt NOUN issue-237 74 36 bond bond NOUN issue-237 74 37 yield yield NOUN issue-237 74 38 5y 5y NUM issue-237 74 39 usd usd NOUN issue-237 74 40 cds cd NOUN issue-237 74 41 5y 5y NUM issue-237 74 42 usd usd NOUN issue-237 74 43 cds cd NOUN issue-237 74 44 2y 2y NUM issue-237 74 45 usd usd NOUN issue-237 74 46 fig fig NOUN issue-237 74 47 . . PUNCT issue-237 75 1 3 3 X issue-237 75 2 . . X issue-237 75 3 ukraine ukraine PROPN issue-237 75 4 ’s ’s PART issue-237 75 5 2y 2y NUM issue-237 75 6 and and CCONJ issue-237 75 7 5y 5y NUM issue-237 75 8 government government NOUN issue-237 75 9 bond bond NOUN issue-237 75 10 yield yield NOUN issue-237 75 11 in in ADP issue-237 75 12 usd usd NOUN issue-237 75 13 and and CCONJ issue-237 75 14 2y 2y NUM issue-237 75 15 and and CCONJ issue-237 75 16 5y 5y NOUN issue-237 75 17 cds cd NOUN issue-237 75 18 development development NOUN issue-237 75 19 , , PUNCT issue-237 75 20 2011–2017 2011–2017 NUM issue-237 75 21 source source NOUN issue-237 75 22 : : PUNCT issue-237 75 23 the the DET issue-237 75 24 author author NOUN issue-237 75 25 ’s ’s PART issue-237 75 26 own own ADJ issue-237 75 27 research research NOUN issue-237 75 28 based base VERB issue-237 75 29 on on ADP issue-237 75 30 the the DET issue-237 75 31 bloomberg bloomberg PROPN issue-237 75 32 data datum NOUN issue-237 75 33 ( ( PUNCT issue-237 75 34 2017 2017 NUM issue-237 75 35 ) ) PUNCT issue-237 75 36 after after ADP issue-237 75 37 the the DET issue-237 75 38 minsk minsk PROPN issue-237 75 39 - - PUNCT issue-237 75 40 ii ii PROPN issue-237 75 41 agreement agreement NOUN issue-237 75 42 , , PUNCT issue-237 75 43 the the DET issue-237 75 44 security security NOUN issue-237 75 45 situation situation NOUN issue-237 75 46 in in ADP issue-237 75 47 the the DET issue-237 75 48 east east NOUN issue-237 75 49 of of ADP issue-237 75 50 the the DET issue-237 75 51 country country NOUN issue-237 75 52 has have AUX issue-237 75 53 somewhat somewhat ADV issue-237 75 54 stabilized stabilize VERB issue-237 75 55 , , PUNCT issue-237 75 56 however however ADV issue-237 75 57 , , PUNCT issue-237 75 58 the the DET issue-237 75 59 remaining remain VERB issue-237 75 60 uncertainty uncertainty NOUN issue-237 75 61 and and CCONJ issue-237 75 62 potential potential NOUN issue-237 75 63 for for ADP issue-237 75 64 renewed renew VERB issue-237 75 65 military military ADJ issue-237 75 66 conflict conflict NOUN issue-237 75 67 is be AUX issue-237 75 68 still still ADV issue-237 75 69 a a DET issue-237 75 70 key key ADJ issue-237 75 71 factor factor NOUN issue-237 75 72 in in ADP issue-237 75 73 the the DET issue-237 75 74 rating rating NOUN issue-237 75 75 agencies agency NOUN issue-237 75 76 ’ ' PUNCT issue-237 75 77 sovereign sovereign ADJ issue-237 75 78 risk risk NOUN issue-237 75 79 assessment assessment NOUN issue-237 75 80 given give VERB issue-237 75 81 the the DET issue-237 75 82 strongly strongly ADV issue-237 75 83 negative negative ADJ issue-237 75 84 impact impact NOUN issue-237 75 85 a a DET issue-237 75 86 renewal renewal NOUN issue-237 75 87 of of ADP issue-237 75 88 the the DET issue-237 75 89 conflict conflict NOUN issue-237 75 90 would would AUX issue-237 75 91 have have VERB issue-237 75 92 for for ADP issue-237 75 93 the the DET issue-237 75 94 economy economy NOUN issue-237 75 95 as as ADP issue-237 75 96 a a DET issue-237 75 97 whole whole NOUN issue-237 75 98 . . PUNCT issue-237 76 1 the the DET issue-237 76 2 development development NOUN issue-237 76 3 and and CCONJ issue-237 76 4 presumed presume VERB issue-237 76 5 connection connection NOUN issue-237 76 6 between between ADP issue-237 76 7 the the DET issue-237 76 8 changes change NOUN issue-237 76 9 in in ADP issue-237 76 10 the the DET issue-237 76 11 ukrainian ukrainian ADJ issue-237 76 12 banks bank NOUN issue-237 76 13 ’ ’ PART issue-237 76 14 ratings rating NOUN issue-237 76 15 and and CCONJ issue-237 76 16 the the DET issue-237 76 17 economic economic ADJ issue-237 76 18 state state NOUN issue-237 76 19 of of ADP issue-237 76 20 the the DET issue-237 76 21 country country NOUN issue-237 76 22 can can AUX issue-237 76 23 be be AUX issue-237 76 24 observed observe VERB issue-237 76 25 in in ADP issue-237 76 26 figure figure NOUN issue-237 76 27 4 4 NUM issue-237 76 28 , , PUNCT issue-237 76 29 where where SCONJ issue-237 76 30 the the DET issue-237 76 31 waves wave NOUN issue-237 76 32 of of ADP issue-237 76 33 the the DET issue-237 76 34 real real ADJ issue-237 76 35 gdp gdp NOUN issue-237 76 36 decline decline NOUN issue-237 76 37 are be AUX issue-237 76 38 parallel parallel ADJ issue-237 76 39 to to ADP issue-237 76 40 the the DET issue-237 76 41 ratings rating NOUN issue-237 76 42 ’ ' PUNCT issue-237 76 43 downgrade downgrade NOUN issue-237 76 44 of of ADP issue-237 76 45 the the DET issue-237 76 46 selected select VERB issue-237 76 47 banks bank NOUN issue-237 76 48 , , PUNCT issue-237 76 49 especially especially ADV issue-237 76 50 in in ADP issue-237 76 51 2008 2008 NUM issue-237 76 52 – – PUNCT issue-237 76 53 2010 2010 NUM issue-237 76 54 and and CCONJ issue-237 76 55 2014–2016 2014–2016 NUM issue-237 76 56 . . PUNCT issue-237 77 1 ukraine ukraine PROPN issue-237 77 2 ’s ’s PART issue-237 77 3 fiscal fiscal ADJ issue-237 77 4 situation situation NOUN issue-237 77 5 is be AUX issue-237 77 6 also also ADV issue-237 77 7 heavily heavily ADV issue-237 77 8 strained strained ADJ issue-237 77 9 with with ADP issue-237 77 10 the the DET issue-237 77 11 government government NOUN issue-237 77 12 continuing continue VERB issue-237 77 13 to to PART issue-237 77 14 post post VERB issue-237 77 15 a a DET issue-237 77 16 budget budget NOUN issue-237 77 17 deficit deficit NOUN issue-237 77 18 ( ( PUNCT issue-237 77 19 nbu nbu NOUN issue-237 77 20 , , PUNCT issue-237 77 21 2017 2017 NUM issue-237 77 22 ) ) PUNCT issue-237 77 23 . . PUNCT issue-237 78 1 between between ADP issue-237 78 2 2012 2012 NUM issue-237 78 3 and and CCONJ issue-237 78 4 2014 2014 NUM issue-237 78 5 , , PUNCT issue-237 78 6 ukraine ukraine PROPN issue-237 78 7 ’s ’s PART issue-237 78 8 government government NOUN issue-237 78 9 debt debt NOUN issue-237 78 10 more more ADV issue-237 78 11 than than ADP issue-237 78 12 doubled double VERB issue-237 78 13 to to ADP issue-237 78 14 1.1 1.1 NUM issue-237 78 15 trillion trillion NUM issue-237 78 16 uah uah NOUN issue-237 78 17 ( ( PUNCT issue-237 78 18 71 71 NUM issue-237 78 19 % % NOUN issue-237 78 20 of of ADP issue-237 78 21 gdp gdp NOUN issue-237 78 22 ) ) PUNCT issue-237 78 23 with with ADP issue-237 78 24 the the DET issue-237 78 25 ukrainian ukrainian PROPN issue-237 78 26 national national PROPN issue-237 78 27 bank bank PROPN issue-237 78 28 expecting expect VERB issue-237 78 29 baltic baltic PROPN issue-237 78 30 journal journal PROPN issue-237 78 31 of of ADP issue-237 78 32 economic economic ADJ issue-237 78 33 studies study NOUN issue-237 78 34 219 219 NUM issue-237 78 35 vol vol NOUN issue-237 78 36 . . PUNCT issue-237 79 1 3 3 NUM issue-237 79 2 , , PUNCT issue-237 79 3 no no INTJ issue-237 79 4 . . NOUN issue-237 79 5 4 4 NUM issue-237 79 6 , , PUNCT issue-237 79 7 2017 2017 NUM issue-237 79 8 debt debt NOUN issue-237 79 9 levels level NOUN issue-237 79 10 to to PART issue-237 79 11 rise rise VERB issue-237 79 12 . . PUNCT issue-237 80 1 moody moody NOUN issue-237 80 2 ’s ’s PART issue-237 80 3 ( ( PUNCT issue-237 80 4 2015 2015 NUM issue-237 80 5 , , PUNCT issue-237 80 6 july july PROPN issue-237 80 7 10 10 NUM issue-237 80 8 ) ) PUNCT issue-237 80 9 stated state VERB issue-237 80 10 that that SCONJ issue-237 80 11 the the DET issue-237 80 12 government government NOUN issue-237 80 13 in in ADP issue-237 80 14 order order NOUN issue-237 80 15 to to PART issue-237 80 16 deal deal VERB issue-237 80 17 with with ADP issue-237 80 18 the the DET issue-237 80 19 deficit deficit NOUN issue-237 80 20 and and CCONJ issue-237 80 21 be be AUX issue-237 80 22 able able ADJ issue-237 80 23 to to PART issue-237 80 24 refinance refinance VERB issue-237 80 25 the the DET issue-237 80 26 debt debt NOUN issue-237 80 27 falling fall VERB issue-237 80 28 due due ADJ issue-237 80 29 became become VERB issue-237 80 30 dependent dependent ADJ issue-237 80 31 on on ADP issue-237 80 32 increasingly increasingly ADV issue-237 80 33 costly costly ADJ issue-237 80 34 new new ADJ issue-237 80 35 local local ADJ issue-237 80 36 market market NOUN issue-237 80 37 borrowings borrowing NOUN issue-237 80 38 , , PUNCT issue-237 80 39 on on ADP issue-237 80 40 borrowings borrowing NOUN issue-237 80 41 from from ADP issue-237 80 42 imf imf PROPN issue-237 80 43 , , PUNCT issue-237 80 44 mdbs mdbs X issue-237 80 45 , , PUNCT issue-237 80 46 as as ADV issue-237 80 47 well well ADV issue-237 80 48 as as ADP issue-237 80 49 bilateral bilateral ADJ issue-237 80 50 creditors creditor NOUN issue-237 80 51 . . PUNCT issue-237 81 1 but but CCONJ issue-237 81 2 even even ADV issue-237 81 3 despite despite SCONJ issue-237 81 4 new new ADJ issue-237 81 5 attracted attract VERB issue-237 81 6 loans loan NOUN issue-237 81 7 , , PUNCT issue-237 81 8 the the DET issue-237 81 9 government government NOUN issue-237 81 10 is be AUX issue-237 81 11 still still ADV issue-237 81 12 running run VERB issue-237 81 13 out out ADP issue-237 81 14 of of ADP issue-237 81 15 funding funding NOUN issue-237 81 16 , , PUNCT issue-237 81 17 which which PRON issue-237 81 18 led lead VERB issue-237 81 19 to to ADP issue-237 81 20 the the DET issue-237 81 21 additional additional ADJ issue-237 81 22 currency currency NOUN issue-237 81 23 volume volume NOUN issue-237 81 24 issue issue NOUN issue-237 81 25 . . PUNCT issue-237 82 1 the the DET issue-237 82 2 increase increase NOUN issue-237 82 3 in in ADP issue-237 82 4 money money NOUN issue-237 82 5 supply supply NOUN issue-237 82 6 has have AUX issue-237 82 7 put put VERB issue-237 82 8 pressure pressure NOUN issue-237 82 9 on on ADP issue-237 82 10 the the DET issue-237 82 11 hryvnia hryvnia NOUN issue-237 82 12 exchange exchange NOUN issue-237 82 13 rate rate NOUN issue-237 82 14 and and CCONJ issue-237 82 15 led lead VERB issue-237 82 16 to to ADP issue-237 82 17 a a DET issue-237 82 18 sharp sharp ADJ issue-237 82 19 increase increase NOUN issue-237 82 20 in in ADP issue-237 82 21 interest interest NOUN issue-237 82 22 rates rate NOUN issue-237 82 23 by by ADP issue-237 82 24 the the DET issue-237 82 25 ukrainian ukrainian PROPN issue-237 82 26 national national PROPN issue-237 82 27 bank bank PROPN issue-237 82 28 . . PUNCT issue-237 83 1 the the DET issue-237 83 2 main main ADJ issue-237 83 3 refinancing refinancing NOUN issue-237 83 4 rate rate NOUN issue-237 83 5 stood stand VERB issue-237 83 6 at at ADP issue-237 83 7 29 29 NUM issue-237 83 8 % % NOUN issue-237 83 9 at at ADP issue-237 83 10 the the DET issue-237 83 11 end end NOUN issue-237 83 12 of of ADP issue-237 83 13 august august PROPN issue-237 83 14 2015 2015 NUM issue-237 83 15 , , PUNCT issue-237 83 16 while while SCONJ issue-237 83 17 inflation inflation NOUN issue-237 83 18 reached reach VERB issue-237 83 19 levels level NOUN issue-237 83 20 of of ADP issue-237 83 21 around around ADP issue-237 83 22 55 55 NUM issue-237 83 23 % % NOUN issue-237 83 24 in in ADP issue-237 83 25 july july PROPN issue-237 83 26 2015 2015 NUM issue-237 83 27 , , PUNCT issue-237 83 28 39 39 NUM issue-237 83 29 % % NOUN issue-237 83 30 for for ADP issue-237 83 31 the the DET issue-237 83 32 period period NOUN issue-237 83 33 of of ADP issue-237 83 34 january january PROPN issue-237 83 35 – – PUNCT issue-237 83 36 july july PROPN issue-237 83 37 2015 2015 NUM issue-237 83 38 ( ( PUNCT issue-237 83 39 nbu nbu NOUN issue-237 83 40 , , PUNCT issue-237 83 41 2015 2015 NUM issue-237 83 42 , , PUNCT issue-237 83 43 june june PROPN issue-237 83 44 ) ) PUNCT issue-237 83 45 . . PUNCT issue-237 84 1 to to PART issue-237 84 2 avoid avoid VERB issue-237 84 3 an an DET issue-237 84 4 imminent imminent ADJ issue-237 84 5 default default NOUN issue-237 84 6 , , PUNCT issue-237 84 7 the the DET issue-237 84 8 ukrainian ukrainian ADJ issue-237 84 9 government government NOUN issue-237 84 10 has have AUX issue-237 84 11 been be AUX issue-237 84 12 engaged engage VERB issue-237 84 13 in in ADP issue-237 84 14 negotiations negotiation NOUN issue-237 84 15 with with ADP issue-237 84 16 the the DET issue-237 84 17 imf imf PROPN issue-237 84 18 and and CCONJ issue-237 84 19 private private ADJ issue-237 84 20 bondholders bondholder NOUN issue-237 84 21 regarding regard VERB issue-237 84 22 the the DET issue-237 84 23 restructuring restructuring NOUN issue-237 84 24 of of ADP issue-237 84 25 certain certain ADJ issue-237 84 26 government government NOUN issue-237 84 27 issued issue VERB issue-237 84 28 or or CCONJ issue-237 84 29 guaranteed guarantee VERB issue-237 84 30 foreign foreign ADJ issue-237 84 31 currency currency NOUN issue-237 84 32 obligations obligation NOUN issue-237 84 33 . . PUNCT issue-237 85 1 at at ADP issue-237 85 2 the the DET issue-237 85 3 beginning beginning NOUN issue-237 85 4 of of ADP issue-237 85 5 september september PROPN issue-237 85 6 , , PUNCT issue-237 85 7 bondholders bondholder NOUN issue-237 85 8 representing represent VERB issue-237 85 9 a a DET issue-237 85 10 nominal nominal ADJ issue-237 85 11 amount amount NOUN issue-237 85 12 of of ADP issue-237 85 13 18 18 NUM issue-237 85 14 bn bn NUM issue-237 85 15 usd usd NOUN issue-237 85 16 , , PUNCT issue-237 85 17 or or CCONJ issue-237 85 18 around around ADV issue-237 85 19 a a DET issue-237 85 20 half half NOUN issue-237 85 21 of of ADP issue-237 85 22 ukraine ukraine NOUN issue-237 85 23 ’s ’s PART issue-237 85 24 sovereign sovereign ADJ issue-237 85 25 foreign foreign ADJ issue-237 85 26 debt debt NOUN issue-237 85 27 at at ADP issue-237 85 28 the the DET issue-237 85 29 time time NOUN issue-237 85 30 , , PUNCT issue-237 85 31 reached reach VERB issue-237 85 32 an an DET issue-237 85 33 agreement agreement NOUN issue-237 85 34 with with ADP issue-237 85 35 the the DET issue-237 85 36 ukrainian ukrainian ADJ issue-237 85 37 state state NOUN issue-237 85 38 approving approve VERB issue-237 85 39 a a DET issue-237 85 40 20 20 NUM issue-237 85 41 % % NOUN issue-237 85 42 haircut haircut NOUN issue-237 85 43 on on ADP issue-237 85 44 their their PRON issue-237 85 45 debt debt NOUN issue-237 85 46 and and CCONJ issue-237 85 47 a a DET issue-237 85 48 maturity maturity NOUN issue-237 85 49 extension extension NOUN issue-237 85 50 until until ADP issue-237 85 51 2018 2018 NUM issue-237 85 52 . . PUNCT issue-237 86 1 in in ADP issue-237 86 2 return return NOUN issue-237 86 3 , , PUNCT issue-237 86 4 the the DET issue-237 86 5 state state NOUN issue-237 86 6 agreed agree VERB issue-237 86 7 to to ADP issue-237 86 8 an an DET issue-237 86 9 interest interest NOUN issue-237 86 10 rate rate NOUN issue-237 86 11 uplift uplift NOUN issue-237 86 12 and and CCONJ issue-237 86 13 warrants warrant NOUN issue-237 86 14 linked link VERB issue-237 86 15 to to ADP issue-237 86 16 country country NOUN issue-237 86 17 ’s ’s PART issue-237 86 18 gdp gdp NOUN issue-237 86 19 development development NOUN issue-237 86 20 for for ADP issue-237 86 21 bondholders bondholder NOUN issue-237 86 22 . . PUNCT issue-237 87 1 the the DET issue-237 87 2 participation participation NOUN issue-237 87 3 of of ADP issue-237 87 4 bondholders bondholder NOUN issue-237 87 5 through through ADP issue-237 87 6 debt debt NOUN issue-237 87 7 relief relief NOUN issue-237 87 8 has have AUX issue-237 87 9 been be AUX issue-237 87 10 a a DET issue-237 87 11 key key ADJ issue-237 87 12 demand demand NOUN issue-237 87 13 by by ADP issue-237 87 14 the the DET issue-237 87 15 imf imf PROPN issue-237 87 16 towards towards ADP issue-237 87 17 the the DET issue-237 87 18 ukrainian ukrainian ADJ issue-237 87 19 government government NOUN issue-237 87 20 to to PART issue-237 87 21 allow allow VERB issue-237 87 22 the the DET issue-237 87 23 further further ADJ issue-237 87 24 release release NOUN issue-237 87 25 of of ADP issue-237 87 26 imf imf PROPN issue-237 87 27 loans loan NOUN issue-237 87 28 to to ADP issue-237 87 29 the the DET issue-237 87 30 country country NOUN issue-237 87 31 under under ADP issue-237 87 32 the the DET issue-237 87 33 17.5 17.5 NUM issue-237 87 34 bn bn NOUN issue-237 87 35 usd usd NOUN issue-237 87 36 program program NOUN issue-237 87 37 . . PUNCT issue-237 88 1 given give VERB issue-237 88 2 the the DET issue-237 88 3 country country NOUN issue-237 88 4 ’s ’s PART issue-237 88 5 limited limited ADJ issue-237 88 6 access access NOUN issue-237 88 7 to to ADP issue-237 88 8 other other ADJ issue-237 88 9 funding funding NOUN issue-237 88 10 sources source NOUN issue-237 88 11 , , PUNCT issue-237 88 12 the the DET issue-237 88 13 imf imf PROPN issue-237 88 14 loans loan NOUN issue-237 88 15 are be AUX issue-237 88 16 seen see VERB issue-237 88 17 as as ADP issue-237 88 18 vital vital ADJ issue-237 88 19 by by ADP issue-237 88 20 the the DET issue-237 88 21 rating rating NOUN issue-237 88 22 agencies agency NOUN issue-237 88 23 . . PUNCT issue-237 89 1 another another DET issue-237 89 2 1.7 1.7 NUM issue-237 89 3 bn bn NUM issue-237 89 4 usd usd NOUN issue-237 89 5 loan loan NOUN issue-237 89 6 release release NOUN issue-237 89 7 was be AUX issue-237 89 8 agreed agree VERB issue-237 89 9 by by ADP issue-237 89 10 imf imf PROPN issue-237 89 11 on on ADP issue-237 89 12 the the DET issue-237 89 13 31 31 NUM issue-237 89 14 of of ADP issue-237 89 15 july july PROPN issue-237 89 16 2015 2015 NUM issue-237 89 17 ( ( PUNCT issue-237 89 18 imf imf PROPN issue-237 89 19 , , PUNCT issue-237 89 20 2015 2015 NUM issue-237 89 21 , , PUNCT issue-237 89 22 july july PROPN issue-237 89 23     SPACE issue-237 89 24 31 31 NUM issue-237 89 25 ) ) PUNCT issue-237 89 26 . . PUNCT issue-237 90 1 the the DET issue-237 90 2 targets target NOUN issue-237 90 3 agreed agree VERB issue-237 90 4 with with ADP issue-237 90 5 the the DET issue-237 90 6 imf imf PROPN issue-237 90 7 include include VERB issue-237 90 8 providing provide VERB issue-237 90 9 15 15 NUM issue-237 90 10 billion billion NUM issue-237 90 11 usd usd NOUN issue-237 90 12 in in ADP issue-237 90 13 public public ADJ issue-237 90 14 - - PUNCT issue-237 90 15 sector sector NOUN issue-237 90 16 financing financing NOUN issue-237 90 17 , , PUNCT issue-237 90 18 a a DET issue-237 90 19 public public ADJ issue-237 90 20 and and CCONJ issue-237 90 21 publicly publicly ADV issue-237 90 22 guaranteed guarantee VERB issue-237 90 23 debt debt NOUN issue-237 90 24 - - PUNCT issue-237 90 25 to to ADP issue-237 90 26 - - PUNCT issue-237 90 27 gdp gdp NOUN issue-237 90 28 ratio ratio NOUN issue-237 90 29 of of ADP issue-237 90 30 below below ADP issue-237 90 31 71 71 NUM issue-237 90 32 % % NOUN issue-237 90 33 of of ADP issue-237 90 34 gdp gdp NOUN issue-237 90 35 by by ADP issue-237 90 36 2020 2020 NUM issue-237 90 37 ; ; PUNCT issue-237 90 38 and and CCONJ issue-237 90 39 holding hold VERB issue-237 90 40 budget budget NOUN issue-237 90 41 financing financing NOUN issue-237 90 42 needs need NOUN issue-237 90 43 at at ADP issue-237 90 44 an an DET issue-237 90 45 average average NOUN issue-237 90 46 of of ADP issue-237 90 47 10 10 NUM issue-237 90 48 % % NOUN issue-237 90 49 of of ADP issue-237 90 50 gdp gdp NOUN issue-237 90 51 and and CCONJ issue-237 90 52 below below ADP issue-237 90 53 an an DET issue-237 90 54 annual annual ADJ issue-237 90 55 maximum maximum NOUN issue-237 90 56 of of ADP issue-237 90 57 12 12 NUM issue-237 90 58 % % NOUN issue-237 90 59 from from ADP issue-237 90 60 2019 2019 NUM issue-237 90 61 to to ADP issue-237 90 62 2025 2025 NUM issue-237 90 63 ( ( PUNCT issue-237 90 64 imf imf PROPN issue-237 90 65 , , PUNCT issue-237 90 66 2015 2015 NUM issue-237 90 67 , , PUNCT issue-237 90 68 august august PROPN issue-237 90 69 4 4 NUM issue-237 90 70 ) ) PUNCT issue-237 90 71 . . PUNCT issue-237 91 1 any any DET issue-237 91 2 unexpected unexpected ADJ issue-237 91 3 misses miss NOUN issue-237 91 4 of of ADP issue-237 91 5 economic economic ADJ issue-237 91 6 targets target NOUN issue-237 91 7 set set VERB issue-237 91 8 by by ADP issue-237 91 9 the the DET issue-237 91 10 government government NOUN issue-237 91 11 and and CCONJ issue-237 91 12 agreed agree VERB issue-237 91 13 with with ADP issue-237 91 14 the the DET issue-237 91 15 imf imf PROPN issue-237 91 16 would would AUX issue-237 91 17 put put VERB issue-237 91 18 the the DET issue-237 91 19 release release NOUN issue-237 91 20 of of ADP issue-237 91 21 further further ADJ issue-237 91 22 funding funding NOUN issue-237 91 23 into into ADP issue-237 91 24 question question NOUN issue-237 91 25 , , PUNCT issue-237 91 26 make make VERB issue-237 91 27 additional additional ADJ issue-237 91 28 restructurings restructuring NOUN issue-237 91 29 necessary necessary ADJ issue-237 91 30 , , PUNCT issue-237 91 31 and and CCONJ issue-237 91 32 cause cause VERB issue-237 91 33 downward downward ADJ issue-237 91 34 pressure pressure NOUN issue-237 91 35 on on ADP issue-237 91 36 the the DET issue-237 91 37 country country NOUN issue-237 91 38 ’s ’s PART issue-237 91 39 credit credit NOUN issue-237 91 40 default default NOUN issue-237 91 41 assessment assessment NOUN issue-237 91 42 . . PUNCT issue-237 92 1 as as ADP issue-237 92 2 an an DET issue-237 92 3 example example NOUN issue-237 92 4 , , PUNCT issue-237 92 5 moody moody PROPN issue-237 92 6 ’s ’s PART issue-237 92 7 ( ( PUNCT issue-237 92 8 2015 2015 NUM issue-237 92 9 , , PUNCT issue-237 92 10 july july PROPN issue-237 92 11 10 10 NUM issue-237 92 12 ) ) PUNCT issue-237 92 13 also also ADV issue-237 92 14 stated state VERB issue-237 92 15 that that SCONJ issue-237 92 16 ukrainian ukrainian ADJ issue-237 92 17 economic economic ADJ issue-237 92 18 and and CCONJ issue-237 92 19 external external ADJ issue-237 92 20 position position NOUN issue-237 92 21 was be AUX issue-237 92 22 weaker weak ADJ issue-237 92 23 than than SCONJ issue-237 92 24 had have AUX issue-237 92 25 been be AUX issue-237 92 26 expected expect VERB issue-237 92 27 and and CCONJ issue-237 92 28 that that SCONJ issue-237 92 29 the the DET issue-237 92 30 unstable unstable ADJ issue-237 92 31 political political ADJ issue-237 92 32 situation situation NOUN issue-237 92 33 and and CCONJ issue-237 92 34 difficulties difficulty NOUN issue-237 92 35 in in ADP issue-237 92 36 executing execute VERB issue-237 92 37 the the DET issue-237 92 38 program program NOUN issue-237 92 39 ’s ’s PART issue-237 92 40 conditions condition NOUN issue-237 92 41 could could AUX issue-237 92 42 lead lead VERB issue-237 92 43 to to ADP issue-237 92 44 changes change NOUN issue-237 92 45 in in ADP issue-237 92 46 the the DET issue-237 92 47 program program NOUN issue-237 92 48 and and CCONJ issue-237 92 49 the the DET issue-237 92 50 halt halt NOUN issue-237 92 51 of of ADP issue-237 92 52 imf imf PROPN issue-237 92 53 disbursements disbursement NOUN issue-237 92 54 . . PUNCT issue-237 93 1 currently currently ADV issue-237 93 2 , , PUNCT issue-237 93 3 the the DET issue-237 93 4 ukrainian ukrainian ADJ issue-237 93 5 government government NOUN issue-237 93 6 is be AUX issue-237 93 7 being be AUX issue-237 93 8 rated rate VERB issue-237 93 9 at at ADP issue-237 93 10 “ " PUNCT issue-237 93 11 b- b- X issue-237 93 12 ” " PUNCT issue-237 93 13 with with ADP issue-237 93 14 a a DET issue-237 93 15 stable stable ADJ issue-237 93 16 outlook outlook NOUN issue-237 93 17 . . PUNCT issue-237 94 1 it it PRON issue-237 94 2 is be AUX issue-237 94 3 believed believe VERB issue-237 94 4 that that SCONJ issue-237 94 5 further far ADV issue-237 94 6 expected expect VERB issue-237 94 7 projections projection NOUN issue-237 94 8 regarding regard VERB issue-237 94 9 the the DET issue-237 94 10 correlation correlation NOUN issue-237 94 11 of of ADP issue-237 94 12 the the DET issue-237 94 13 general general ADJ issue-237 94 14 government government NOUN issue-237 94 15 debt debt NOUN issue-237 94 16 to to ADP issue-237 94 17 gdp gdp NOUN issue-237 94 18 will will AUX issue-237 94 19 depend depend VERB issue-237 94 20 on on ADP issue-237 94 21 the the DET issue-237 94 22 ukraine ukraine NOUN issue-237 94 23 ’s ’s PART issue-237 94 24 currency currency NOUN issue-237 94 25 exchange exchange NOUN issue-237 94 26 rate rate NOUN issue-237 94 27 , , PUNCT issue-237 94 28 as as ADV issue-237 94 29 well well ADV issue-237 94 30 as as ADP issue-237 94 31 the the DET issue-237 94 32 term term NOUN issue-237 94 33 of of ADP issue-237 94 34 its its PRON issue-237 94 35 trade trade NOUN issue-237 94 36 , , PUNCT issue-237 94 37 and and CCONJ issue-237 94 38 also also ADV issue-237 94 39 on on ADP issue-237 94 40 the the DET issue-237 94 41 situation situation NOUN issue-237 94 42 ’s ’s PART issue-237 94 43 development development NOUN issue-237 94 44 in in ADP issue-237 94 45 the the DET issue-237 94 46 eastern eastern ADJ issue-237 94 47 ukraine ukraine NOUN issue-237 94 48 . . PUNCT issue-237 95 1 any any DET issue-237 95 2 further further ADJ issue-237 95 3 downgrades downgrade NOUN issue-237 95 4 of of ADP issue-237 95 5 the the DET issue-237 95 6 sovereign sovereign ADJ issue-237 95 7 rating rating NOUN issue-237 95 8 of of ADP issue-237 95 9 ukraine ukraine NOUN issue-237 95 10 would would AUX issue-237 95 11 translate translate VERB issue-237 95 12 directly directly ADV issue-237 95 13 into into ADP issue-237 95 14 consequences consequence NOUN issue-237 95 15 for for ADP issue-237 95 16 ukrainian ukrainian ADJ issue-237 95 17 banks bank NOUN issue-237 95 18 . . PUNCT issue-237 96 1 also also ADV issue-237 96 2 , , PUNCT issue-237 96 3 the the DET issue-237 96 4 ability ability NOUN issue-237 96 5 and and CCONJ issue-237 96 6 willingness willingness NOUN issue-237 96 7 of of ADP issue-237 96 8 the the DET issue-237 96 9 state state NOUN issue-237 96 10 or or CCONJ issue-237 96 11 major major ADJ issue-237 96 12 shareholders shareholder NOUN issue-237 96 13 to to PART issue-237 96 14 provide provide VERB issue-237 96 15 support support NOUN issue-237 96 16 to to ADP issue-237 96 17 the the DET issue-237 96 18 banks bank NOUN issue-237 96 19 through through ADP issue-237 96 20 funding funding NOUN issue-237 96 21 are be AUX issue-237 96 22 seen see VERB issue-237 96 23 as as ADP issue-237 96 24 a a DET issue-237 96 25 critical critical ADJ issue-237 96 26 factor factor NOUN issue-237 96 27 in in ADP issue-237 96 28 the the DET issue-237 96 29 assessment assessment NOUN issue-237 96 30 of of ADP issue-237 96 31 individual individual ADJ issue-237 96 32 ratings rating NOUN issue-237 96 33 . . PUNCT issue-237 97 1 capital capital NOUN issue-237 97 2 position position NOUN issue-237 97 3 and and CCONJ issue-237 97 4 asset asset NOUN issue-237 97 5 quality quality NOUN issue-237 97 6 . . PUNCT issue-237 98 1 if if SCONJ issue-237 98 2 one one PRON issue-237 98 3 compares compare VERB issue-237 98 4 the the DET issue-237 98 5 development development NOUN issue-237 98 6 of of ADP issue-237 98 7 the the DET issue-237 98 8 ratings rating NOUN issue-237 98 9 by by ADP issue-237 98 10 the the DET issue-237 98 11 three three NUM issue-237 98 12 major major ADJ issue-237 98 13 ukrainian ukrainian ADJ issue-237 98 14 banks bank NOUN issue-237 98 15 to to ADP issue-237 98 16 the the DET issue-237 98 17 development development NOUN issue-237 98 18 of of ADP issue-237 98 19 the the DET issue-237 98 20 tier tier NOUN issue-237 98 21 1 1 NUM issue-237 98 22 capital capital NOUN issue-237 98 23 ratio ratio NOUN issue-237 98 24 , , PUNCT issue-237 98 25 a a DET issue-237 98 26 key key ADJ issue-237 98 27 indicator indicator NOUN issue-237 98 28 of of ADP issue-237 98 29 the the DET issue-237 98 30 financial financial ADJ issue-237 98 31 health health NOUN issue-237 98 32 of of ADP issue-237 98 33 the the DET issue-237 98 34 banks bank NOUN issue-237 98 35 , , PUNCT issue-237 98 36 the the DET issue-237 98 37 action action NOUN issue-237 98 38 of of ADP issue-237 98 39 the the DET issue-237 98 40 rating rating NOUN issue-237 98 41 agencies agency NOUN issue-237 98 42 developed develop VERB issue-237 98 43 analogously analogously ADV issue-237 98 44 indicating indicate VERB issue-237 98 45 its its PRON issue-237 98 46 role role NOUN issue-237 98 47 as as ADP issue-237 98 48 a a DET issue-237 98 49 strong strong ADJ issue-237 98 50 influencing influence VERB issue-237 98 51 factor factor NOUN issue-237 98 52 . . PUNCT issue-237 99 1 this this DET issue-237 99 2 relationship relationship NOUN issue-237 99 3 has have AUX issue-237 99 4 particularly particularly ADV issue-237 99 5 been be AUX issue-237 99 6 visible visible ADJ issue-237 99 7 in in ADP issue-237 99 8 recent recent ADJ issue-237 99 9 past past NOUN issue-237 99 10 starting start VERB issue-237 99 11 from from ADP issue-237 99 12 mid2013 mid2013 NOUN issue-237 99 13 . . PUNCT issue-237 100 1 when when SCONJ issue-237 100 2 tier tier NOUN issue-237 100 3 1 1 NUM issue-237 100 4 capital capital NOUN issue-237 100 5 ratio ratio NOUN issue-237 100 6 of of ADP issue-237 100 7 the the DET issue-237 100 8 ukrainian ukrainian ADJ issue-237 100 9 banks bank NOUN issue-237 100 10 reached reach VERB issue-237 100 11 their their PRON issue-237 100 12 low low ADJ issue-237 100 13 point point NOUN issue-237 100 14 at at ADP issue-237 100 15 5.5 5.5 NUM issue-237 100 16 % % NOUN issue-237 100 17 , , PUNCT issue-237 100 18 the the DET issue-237 100 19 ratings rating NOUN issue-237 100 20 of of ADP issue-237 100 21 the the DET issue-237 100 22 major major ADJ issue-237 100 23 banks bank NOUN issue-237 100 24 covered cover VERB issue-237 100 25 by by ADP issue-237 100 26 fitch fitch PROPN issue-237 100 27 also also ADV issue-237 100 28 reached reach VERB issue-237 100 29 their their PRON issue-237 100 30 lowest low ADJ issue-237 100 31 points point NOUN issue-237 100 32 in in ADP issue-237 100 33 the the DET issue-237 100 34 last last ADJ issue-237 100 35 years year NOUN issue-237 100 36 : : PUNCT issue-237 100 37 rd rd NOUN issue-237 100 38 for for ADP issue-237 100 39 ukreximbank ukreximbank NOUN issue-237 100 40 due due ADP issue-237 100 41 to to ADP issue-237 100 42 ongoing ongoing ADJ issue-237 100 43 restructuring restructuring NOUN issue-237 100 44 of of ADP issue-237 100 45 their their PRON issue-237 100 46 foreign foreign ADJ issue-237 100 47 currency currency NOUN issue-237 100 48 denominated denominate VERB issue-237 100 49 debt debt NOUN issue-237 100 50 , , PUNCT issue-237 100 51 c c PROPN issue-237 100 52 for for ADP issue-237 100 53 privatbank privatbank NOUN issue-237 100 54 and and CCONJ issue-237 100 55 oschadbank oschadbank PROPN issue-237 100 56 , , PUNCT issue-237 100 57 who who PRON issue-237 100 58 were be AUX issue-237 100 59 also also ADV issue-237 100 60 in in ADP issue-237 100 61 restructuring restructure VERB issue-237 100 62 negotiations negotiation NOUN issue-237 100 63 ( ( PUNCT issue-237 100 64 see see VERB issue-237 100 65 figure figure NOUN issue-237 100 66     SPACE issue-237 100 67 5 5 NUM issue-237 100 68 ) ) PUNCT issue-237 100 69 . . PUNCT issue-237 101 1 0 0 NUM issue-237 101 2 % % NOUN issue-237 101 3 2 2 NUM issue-237 101 4 % % NOUN issue-237 101 5 4 4 NUM issue-237 101 6 % % NOUN issue-237 101 7 6 6 NUM issue-237 101 8 % % NOUN issue-237 101 9 8 8 NUM issue-237 101 10 % % NOUN issue-237 101 11 10 10 NUM issue-237 101 12 % % NOUN issue-237 101 13 12 12 NUM issue-237 101 14 % % NOUN issue-237 101 15 14 14 NUM issue-237 101 16 % % NOUN issue-237 101 17 16 16 NUM issue-237 101 18 % % NOUN issue-237 101 19 18 18 NUM issue-237 101 20 % % NOUN issue-237 101 21 rating rating NOUN issue-237 101 22 privatbank privatbank NOUN issue-237 101 23 ( ( PUNCT issue-237 101 24 lhs lhs PROPN issue-237 101 25 ) ) PUNCT issue-237 101 26 rating rate VERB issue-237 101 27 oschadbank oschadbank NOUN issue-237 101 28 ( ( PUNCT issue-237 101 29 lhs lhs PROPN issue-237 101 30 ) ) PUNCT issue-237 101 31 rating rate VERB issue-237 101 32 ukreximbank ukreximbank NOUN issue-237 101 33 ( ( PUNCT issue-237 101 34 lhs lhs PROPN issue-237 101 35 ) ) PUNCT issue-237 101 36 tier tier NOUN issue-237 101 37 1 1 NUM issue-237 101 38 capital capital NOUN issue-237 101 39 ratio ratio NOUN issue-237 101 40 ukrainian ukrainian ADJ issue-237 101 41 banks bank NOUN issue-237 101 42 ( ( PUNCT issue-237 101 43 rhs rhs PROPN issue-237 101 44 ) ) PUNCT issue-237 101 45 bb bb PROPN issue-237 101 46 bbb+ bbb+ PROPN issue-237 101 47 b b PROPN issue-237 101 48 bccc bccc PROPN issue-237 101 49 cc cc PROPN issue-237 101 50 c c PROPN issue-237 101 51 rd rd PROPN issue-237 101 52 d d PROPN issue-237 101 53 fig fig NOUN issue-237 101 54 . . PUNCT issue-237 102 1 5 5 X issue-237 102 2 . . X issue-237 102 3 fitch fitch VERB issue-237 102 4 ukrainian ukrainian ADJ issue-237 102 5 banks bank NOUN issue-237 102 6 ratings rating NOUN issue-237 102 7 vs. vs. ADP issue-237 102 8 tier tier NOUN issue-237 102 9 1 1 NUM issue-237 102 10 capital capital NOUN issue-237 102 11 ratio ratio NOUN issue-237 102 12 development development NOUN issue-237 102 13 of of ADP issue-237 102 14 ukrainian ukrainian ADJ issue-237 102 15 banks bank NOUN issue-237 102 16 , , PUNCT issue-237 102 17 2008–2017 2008–2017 NUM issue-237 102 18 source source NOUN issue-237 102 19 : : PUNCT issue-237 102 20 the the DET issue-237 102 21 author author NOUN issue-237 102 22 ’s ’s PART issue-237 102 23 own own ADJ issue-237 102 24 research research NOUN issue-237 102 25 based base VERB issue-237 102 26 on on ADP issue-237 102 27 banks bank NOUN issue-237 102 28 ’ ' PUNCT issue-237 102 29 public public ADJ issue-237 102 30 information information NOUN issue-237 102 31 , , PUNCT issue-237 102 32 fitch fitch NOUN issue-237 102 33 ratings rating NOUN issue-237 102 34 ( ( PUNCT issue-237 102 35 2017 2017 NUM issue-237 102 36 , , PUNCT issue-237 102 37 july july PROPN issue-237 102 38 25 25 NUM issue-237 102 39 ) ) PUNCT issue-237 102 40 and and CCONJ issue-237 102 41 national national PROPN issue-237 102 42 bank bank PROPN issue-237 102 43 of of ADP issue-237 102 44 ukraine ukraine PROPN issue-237 102 45 data datum NOUN issue-237 102 46 ( ( PUNCT issue-237 102 47 2017 2017 NUM issue-237 102 48 ) ) PUNCT issue-237 102 49 fig fig NOUN issue-237 102 50 . . PUNCT issue-237 103 1 4 4 X issue-237 103 2 . . X issue-237 103 3 fitch fitch VERB issue-237 103 4 ukrainian ukrainian ADJ issue-237 103 5 banks bank NOUN issue-237 103 6 ratings rating NOUN issue-237 103 7 vs. vs. ADP issue-237 103 8 quarterly quarterly ADJ issue-237 103 9 real real ADJ issue-237 103 10 gdp gdp NOUN issue-237 103 11 development development NOUN issue-237 103 12 , , PUNCT issue-237 103 13 2008–2017 2008–2017 NUM issue-237 103 14 source source NOUN issue-237 103 15 : : PUNCT issue-237 103 16 the the DET issue-237 103 17 author author NOUN issue-237 103 18 ’s ’s PART issue-237 103 19 own own ADJ issue-237 103 20 research research NOUN issue-237 103 21 based base VERB issue-237 103 22 on on ADP issue-237 103 23 banks bank NOUN issue-237 103 24 ’ ' PUNCT issue-237 103 25 public public ADJ issue-237 103 26 information information NOUN issue-237 103 27 , , PUNCT issue-237 103 28 fitch fitch NOUN issue-237 103 29 ratings rating NOUN issue-237 103 30 ( ( PUNCT issue-237 103 31 2017 2017 NUM issue-237 103 32 , , PUNCT issue-237 103 33 july july PROPN issue-237 103 34 25 25 NUM issue-237 103 35 ) ) PUNCT issue-237 103 36 , , PUNCT issue-237 103 37 and and CCONJ issue-237 103 38 bloomberg bloomberg PROPN issue-237 103 39 data datum NOUN issue-237 103 40 ( ( PUNCT issue-237 103 41 2017 2017 NUM issue-237 103 42 ) ) PUNCT issue-237 103 43 -25 -25 PROPN issue-237 103 44 % % NOUN issue-237 103 45 -20 -20 NUM issue-237 103 46 % % NOUN issue-237 103 47 -15 -15 SYM issue-237 103 48 % % NOUN issue-237 103 49 -10 -10 NUM issue-237 103 50 % % NOUN issue-237 103 51 -5 -5 INTJ issue-237 103 52 % % NOUN issue-237 103 53 0 0 NUM issue-237 103 54 % % NOUN issue-237 103 55 5 5 NUM issue-237 103 56 % % NOUN issue-237 103 57 10 10 NUM issue-237 103 58 % % NOUN issue-237 103 59 rating rating NOUN issue-237 103 60 privatbank privatbank NOUN issue-237 103 61 ( ( PUNCT issue-237 103 62 lhs lhs PROPN issue-237 103 63 ) ) PUNCT issue-237 103 64 rating rate VERB issue-237 103 65 oschadbank oschadbank NOUN issue-237 103 66 ( ( PUNCT issue-237 103 67 lhs lhs PROPN issue-237 103 68 ) ) PUNCT issue-237 103 69 rating rate VERB issue-237 103 70 ukreximbank ukreximbank NOUN issue-237 103 71 ( ( PUNCT issue-237 103 72 lhs lhs PROPN issue-237 103 73 ) ) PUNCT issue-237 103 74 y y PROPN issue-237 103 75 - - PUNCT issue-237 103 76 o o NOUN issue-237 103 77 - - ADJ issue-237 103 78 y y PROPN issue-237 103 79 quarterly quarterly PROPN issue-237 103 80 gdp gdp NOUN issue-237 103 81 growth growth NOUN issue-237 103 82 ( ( PUNCT issue-237 103 83 rhs rhs PROPN issue-237 103 84 ) ) PUNCT issue-237 103 85 bb bb PROPN issue-237 103 86 bbb+ bbb+ PROPN issue-237 103 87 b b PROPN issue-237 103 88 bccc bccc PROPN issue-237 103 89 cc cc PROPN issue-237 103 90 c c PROPN issue-237 103 91 rd rd PROPN issue-237 104 1 d d PROPN issue-237 104 2 baltic baltic PROPN issue-237 104 3 journal journal PROPN issue-237 104 4 of of ADP issue-237 104 5 economic economic ADJ issue-237 104 6 studies study NOUN issue-237 104 7 220 220 NUM issue-237 104 8 vol vol NOUN issue-237 104 9 . . PUNCT issue-237 105 1 3 3 NUM issue-237 105 2 , , PUNCT issue-237 105 3 no no INTJ issue-237 105 4 . . NOUN issue-237 105 5 4 4 NUM issue-237 105 6 , , PUNCT issue-237 105 7 2017 2017 NUM issue-237 105 8 unsurprisingly unsurprisingly ADV issue-237 105 9 , , PUNCT issue-237 105 10 the the DET issue-237 105 11 negative negative ADJ issue-237 105 12 development development NOUN issue-237 105 13 of of ADP issue-237 105 14 the the DET issue-237 105 15 ukrainian ukrainian ADJ issue-237 105 16 economy economy NOUN issue-237 105 17 has have AUX issue-237 105 18 had have VERB issue-237 105 19 a a DET issue-237 105 20 strong strong ADJ issue-237 105 21 impact impact NOUN issue-237 105 22 on on ADP issue-237 105 23 banks bank NOUN issue-237 105 24 ’ ' PUNCT issue-237 105 25 loan loan NOUN issue-237 105 26 portfolio portfolio NOUN issue-237 105 27 qualities quality NOUN issue-237 105 28 and and CCONJ issue-237 105 29 capital capital NOUN issue-237 105 30 positions position NOUN issue-237 105 31 . . PUNCT issue-237 106 1 according accord VERB issue-237 106 2 to to ADP issue-237 106 3 data datum NOUN issue-237 106 4 by by ADP issue-237 106 5 the the DET issue-237 106 6 ukrainian ukrainian PROPN issue-237 106 7 national national PROPN issue-237 106 8 bank bank PROPN issue-237 106 9 ( ( PUNCT issue-237 106 10 2017 2017 NUM issue-237 106 11 ) ) PUNCT issue-237 106 12 , , PUNCT issue-237 106 13 the the DET issue-237 106 14 nonperforming nonperforme VERB issue-237 106 15 loan loan NOUN issue-237 106 16 ratio ratio NOUN issue-237 106 17 for for ADP issue-237 106 18 the the DET issue-237 106 19 banking banking NOUN issue-237 106 20 sector sector NOUN issue-237 106 21 reached reach VERB issue-237 106 22 over over ADP issue-237 106 23 24 24 NUM issue-237 106 24 % % NOUN issue-237 106 25 in in ADP issue-237 106 26 june june PROPN issue-237 106 27 2015 2015 NUM issue-237 106 28 , , PUNCT issue-237 106 29 while while SCONJ issue-237 106 30 the the DET issue-237 106 31 industry industry NOUN issue-237 106 32 average average ADJ issue-237 106 33 tier tier NOUN issue-237 106 34 1 1 NUM issue-237 106 35 capital capital NOUN issue-237 106 36 ratio ratio NOUN issue-237 106 37 fell fall VERB issue-237 106 38 to to ADP issue-237 106 39 around around ADP issue-237 106 40 5 5 NUM issue-237 106 41 % % NOUN issue-237 106 42 . . PUNCT issue-237 107 1 furthermore furthermore ADV issue-237 107 2 , , PUNCT issue-237 107 3 the the DET issue-237 107 4 regulatory regulatory ADJ issue-237 107 5 capital capital NOUN issue-237 107 6 adequacy adequacy NOUN issue-237 107 7 ratio ratio NOUN issue-237 107 8 for for ADP issue-237 107 9 the the DET issue-237 107 10 entire entire ADJ issue-237 107 11 ukrainian ukrainian ADJ issue-237 107 12 banking banking NOUN issue-237 107 13 system system NOUN issue-237 107 14 ( ( PUNCT issue-237 107 15 including include VERB issue-237 107 16 insolvent insolvent ADJ issue-237 107 17 banks bank NOUN issue-237 107 18 ) ) PUNCT issue-237 107 19 almost almost ADV issue-237 107 20 halved halve VERB issue-237 107 21 from from ADP issue-237 107 22 15 15 NUM issue-237 107 23 % % NOUN issue-237 107 24 in in ADP issue-237 107 25 january january PROPN issue-237 107 26 to to ADP issue-237 107 27 8 8 NUM issue-237 107 28 % % NOUN issue-237 107 29 in in ADP issue-237 107 30 august august PROPN issue-237 107 31 2015 2015 NUM issue-237 107 32 , , PUNCT issue-237 107 33 even even ADV issue-237 107 34 less less ADJ issue-237 107 35 than than ADP issue-237 107 36 the the DET issue-237 107 37 lows low NOUN issue-237 107 38 of of ADP issue-237 107 39 around around ADP issue-237 107 40 13 13 NUM issue-237 107 41 % % NOUN issue-237 107 42 during during ADP issue-237 107 43 the the DET issue-237 107 44 global global ADJ issue-237 107 45 financial financial ADJ issue-237 107 46 crisis crisis NOUN issue-237 107 47 in in ADP issue-237 107 48 2008 2008 NUM issue-237 107 49 and and CCONJ issue-237 107 50 below below ADP issue-237 107 51 the the DET issue-237 107 52 regulatory regulatory ADJ issue-237 107 53 10 10 NUM issue-237 107 54 % % NOUN issue-237 107 55 minimum minimum NOUN issue-237 107 56 . . PUNCT issue-237 108 1 a a DET issue-237 108 2 first first ADJ issue-237 108 3 asset asset NOUN issue-237 108 4 quality quality NOUN issue-237 108 5 review review NOUN issue-237 108 6 of of ADP issue-237 108 7 the the DET issue-237 108 8 35 35 NUM issue-237 108 9 largest large ADJ issue-237 108 10 ukrainian ukrainian ADJ issue-237 108 11 banks bank NOUN issue-237 108 12 conducted conduct VERB issue-237 108 13 by by ADP issue-237 108 14 the the DET issue-237 108 15 national national PROPN issue-237 108 16 bank bank PROPN issue-237 108 17 in in ADP issue-237 108 18 2014 2014 NUM issue-237 108 19 identified identify VERB issue-237 108 20 additional additional ADJ issue-237 108 21 capital capital NOUN issue-237 108 22 needs need NOUN issue-237 108 23 of of ADP issue-237 108 24 66 66 NUM issue-237 108 25 bn bn NOUN issue-237 108 26 uah uah ADJ issue-237 108 27 , , PUNCT issue-237 108 28 or or CCONJ issue-237 108 29 around around ADP issue-237 108 30 4 4 NUM issue-237 108 31 % % NOUN issue-237 108 32 of of ADP issue-237 108 33 the the DET issue-237 108 34 country country NOUN issue-237 108 35 ’s ’s PART issue-237 108 36 2014 2014 NUM issue-237 108 37 gdp gdp NOUN issue-237 108 38 , , PUNCT issue-237 108 39 for for ADP issue-237 108 40 the the DET issue-237 108 41 country country NOUN issue-237 108 42 ’s ’s PART issue-237 108 43 banking banking NOUN issue-237 108 44 system system NOUN issue-237 108 45 ( ( PUNCT issue-237 108 46 nbu nbu PROPN issue-237 108 47 , , PUNCT issue-237 108 48 2014 2014 NUM issue-237 108 49 , , PUNCT issue-237 108 50 october october PROPN issue-237 108 51 10 10 NUM issue-237 108 52 ) ) PUNCT issue-237 108 53 . . PUNCT issue-237 109 1 until until ADP issue-237 109 2 june june PROPN issue-237 109 3 2015 2015 NUM issue-237 109 4 , , PUNCT issue-237 109 5 5 5 NUM issue-237 109 6 banks bank NOUN issue-237 109 7 did do AUX issue-237 109 8 not not PART issue-237 109 9 meet meet VERB issue-237 109 10 the the DET issue-237 109 11 increased increase VERB issue-237 109 12 capital capital NOUN issue-237 109 13 requirements requirement NOUN issue-237 109 14 set set VERB issue-237 109 15 as as ADP issue-237 109 16 a a DET issue-237 109 17 result result NOUN issue-237 109 18 of of ADP issue-237 109 19 the the DET issue-237 109 20 stress stress NOUN issue-237 109 21 test test NOUN issue-237 109 22 and and CCONJ issue-237 109 23 were be AUX issue-237 109 24 declared declare VERB issue-237 109 25 insolvent insolvent ADJ issue-237 109 26 ( ( PUNCT issue-237 109 27 imf imf PROPN issue-237 109 28 , , PUNCT issue-237 109 29 2015 2015 NUM issue-237 109 30 , , PUNCT issue-237 109 31 august august PROPN issue-237 109 32 4 4 NUM issue-237 109 33 ) ) PUNCT issue-237 109 34 . . PUNCT issue-237 110 1 as as SCONJ issue-237 110 2 agreed agree VERB issue-237 110 3 in in ADP issue-237 110 4 the the DET issue-237 110 5 mou mou PROPN issue-237 110 6 with with ADP issue-237 110 7 the the DET issue-237 110 8 imf imf PROPN issue-237 110 9 in in ADP issue-237 110 10 february february PROPN issue-237 110 11 2015 2015 NUM issue-237 110 12 , , PUNCT issue-237 110 13 a a DET issue-237 110 14 second second ADJ issue-237 110 15 asset asset NOUN issue-237 110 16 quality quality NOUN issue-237 110 17 review review NOUN issue-237 110 18 and and CCONJ issue-237 110 19 subsequent subsequent ADJ issue-237 110 20 stress stress NOUN issue-237 110 21 test test NOUN issue-237 110 22 based base VERB issue-237 110 23 on on ADP issue-237 110 24 march march PROPN issue-237 110 25 2015 2015 NUM issue-237 110 26 numbers number NOUN issue-237 110 27 were be AUX issue-237 110 28 conducted conduct VERB issue-237 110 29 . . PUNCT issue-237 111 1 based base VERB issue-237 111 2 on on ADP issue-237 111 3 the the DET issue-237 111 4 individual individual ADJ issue-237 111 5 banks bank NOUN issue-237 111 6 ’ ’ PART issue-237 111 7 stress stress NOUN issue-237 111 8 test test NOUN issue-237 111 9 performance performance NOUN issue-237 111 10 and and CCONJ issue-237 111 11 their their PRON issue-237 111 12 ability ability NOUN issue-237 111 13 to to PART issue-237 111 14 recapitalize recapitalize VERB issue-237 111 15 , , PUNCT issue-237 111 16 rating rating NOUN issue-237 111 17 agencies agency NOUN issue-237 111 18 factored factor VERB issue-237 111 19 in in ADP issue-237 111 20 these these DET issue-237 111 21 developments development NOUN issue-237 111 22 into into ADP issue-237 111 23 their their PRON issue-237 111 24 latest late ADJ issue-237 111 25 assessments assessment NOUN issue-237 111 26 . . PUNCT issue-237 112 1 the the DET issue-237 112 2 impact impact NOUN issue-237 112 3 of of ADP issue-237 112 4 declining decline VERB issue-237 112 5 credit credit NOUN issue-237 112 6 quality quality NOUN issue-237 112 7 on on ADP issue-237 112 8 operational operational ADJ issue-237 112 9 performance performance NOUN issue-237 112 10 was be AUX issue-237 112 11 also also ADV issue-237 112 12 frequently frequently ADV issue-237 112 13 discussed discuss VERB issue-237 112 14 . . PUNCT issue-237 113 1 in in ADP issue-237 113 2 april april PROPN issue-237 113 3 2015 2015 NUM issue-237 113 4 , , PUNCT issue-237 113 5 s&p s&p PROPN issue-237 113 6 ( ( PUNCT issue-237 113 7 2015 2015 NUM issue-237 113 8 , , PUNCT issue-237 113 9 april april PROPN issue-237 113 10 21 21 NUM issue-237 113 11 ) ) PUNCT issue-237 113 12 noted note VERB issue-237 113 13 regarding regard VERB issue-237 113 14 privatbank privatbank NOUN issue-237 113 15 that that SCONJ issue-237 113 16 the the DET issue-237 113 17 agency agency NOUN issue-237 113 18 was be AUX issue-237 113 19 forecasting forecast VERB issue-237 113 20 that that SCONJ issue-237 113 21 the the DET issue-237 113 22 bank bank NOUN issue-237 113 23 ’s ’s PART issue-237 113 24 profitability profitability NOUN issue-237 113 25 in in ADP issue-237 113 26 2015–2016 2015–2016 NUM issue-237 113 27 would would AUX issue-237 113 28 decline decline VERB issue-237 113 29 significantly significantly ADV issue-237 113 30 , , PUNCT issue-237 113 31 which which PRON issue-237 113 32 would would AUX issue-237 113 33 be be AUX issue-237 113 34 lower low ADJ issue-237 113 35 than than ADP issue-237 113 36 that that PRON issue-237 113 37 of of ADP issue-237 113 38 its its PRON issue-237 113 39 international international ADJ issue-237 113 40 peers peer NOUN issue-237 113 41 , , PUNCT issue-237 113 42 as as ADP issue-237 113 43 a a DET issue-237 113 44 result result NOUN issue-237 113 45 of of ADP issue-237 113 46 creating create VERB issue-237 113 47 bigger big ADJ issue-237 113 48 volumes volume NOUN issue-237 113 49 of of ADP issue-237 113 50 additional additional ADJ issue-237 113 51 provisions provision NOUN issue-237 113 52 . . PUNCT issue-237 114 1 determinants determinant NOUN issue-237 114 2 of of ADP issue-237 114 3 asset asset NOUN issue-237 114 4 quality quality NOUN issue-237 114 5 as as SCONJ issue-237 114 6 viewed view VERB issue-237 114 7 by by ADP issue-237 114 8 rating rating NOUN issue-237 114 9 agencies agency NOUN issue-237 114 10 include include VERB issue-237 114 11 the the DET issue-237 114 12 individual individual ADJ issue-237 114 13 asset asset NOUN issue-237 114 14 mix mix NOUN issue-237 114 15 of of ADP issue-237 114 16 a a DET issue-237 114 17 bank bank NOUN issue-237 114 18 . . PUNCT issue-237 115 1 the the DET issue-237 115 2 ukrainian ukrainian ADJ issue-237 115 3 government government NOUN issue-237 115 4 has have AUX issue-237 115 5 committed commit VERB issue-237 115 6 in in ADP issue-237 115 7 its its PRON issue-237 115 8 mou mou NOUN issue-237 115 9 with with SCONJ issue-237 115 10 the the DET issue-237 115 11 imf imf PROPN issue-237 115 12 to to PART issue-237 115 13 increase increase VERB issue-237 115 14 the the DET issue-237 115 15 transparency transparency NOUN issue-237 115 16 of of ADP issue-237 115 17 related related ADJ issue-237 115 18 party party NOUN issue-237 115 19 lending lending NOUN issue-237 115 20 and and CCONJ issue-237 115 21 to to PART issue-237 115 22 effectively effectively ADV issue-237 115 23 enforce enforce VERB issue-237 115 24 the the DET issue-237 115 25 limitations limitation NOUN issue-237 115 26 in in ADP issue-237 115 27 place place NOUN issue-237 115 28 . . PUNCT issue-237 116 1 the the DET issue-237 116 2 national national PROPN issue-237 116 3 bank bank PROPN issue-237 116 4 of of ADP issue-237 116 5 ukraine ukraine PROPN issue-237 116 6 for for ADP issue-237 116 7 the the DET issue-237 116 8 first first ADJ issue-237 116 9 time time NOUN issue-237 116 10 published publish VERB issue-237 116 11 data datum NOUN issue-237 116 12 on on ADP issue-237 116 13 this this PRON issue-237 116 14 in in ADP issue-237 116 15 july july PROPN issue-237 116 16 2015 2015 NUM issue-237 116 17 and and CCONJ issue-237 116 18 , , PUNCT issue-237 116 19 as as ADP issue-237 116 20 of of ADP issue-237 116 21 august august PROPN issue-237 116 22 2015 2015 NUM issue-237 116 23 , , PUNCT issue-237 116 24 the the DET issue-237 116 25 maximum maximum ADJ issue-237 116 26 credit credit NOUN issue-237 116 27 exposure exposure NOUN issue-237 116 28 to to ADP issue-237 116 29 related related ADJ issue-237 116 30 parties party NOUN issue-237 116 31 for for ADP issue-237 116 32 the the DET issue-237 116 33 total total ADJ issue-237 116 34 ukrainian ukrainian ADJ issue-237 116 35 banking banking NOUN issue-237 116 36 system system NOUN issue-237 116 37 was be AUX issue-237 116 38 reported report VERB issue-237 116 39 at at ADP issue-237 116 40 20 20 NUM issue-237 116 41 % % NOUN issue-237 116 42 ( ( PUNCT issue-237 116 43 nbu nbu NOUN issue-237 116 44 , , PUNCT issue-237 116 45 2017 2017 NUM issue-237 116 46 ) ) PUNCT issue-237 116 47 . . PUNCT issue-237 117 1 according accord VERB issue-237 117 2 to to ADP issue-237 117 3 the the DET issue-237 117 4 imf imf PROPN issue-237 117 5 ( ( PUNCT issue-237 117 6 2015 2015 NUM issue-237 117 7 , , PUNCT issue-237 117 8 august august PROPN issue-237 117 9 4 4 NUM issue-237 117 10 ) ) PUNCT issue-237 117 11 , , PUNCT issue-237 117 12 the the DET issue-237 117 13 country country NOUN issue-237 117 14 ’s ’s PART issue-237 117 15 largest large ADJ issue-237 117 16 banks bank NOUN issue-237 117 17 had have VERB issue-237 117 18 their their PRON issue-237 117 19 portfolios portfolio NOUN issue-237 117 20 reviewed review VERB issue-237 117 21 and and CCONJ issue-237 117 22 measures measure NOUN issue-237 117 23 are be AUX issue-237 117 24 planned plan VERB issue-237 117 25 to to PART issue-237 117 26 dissolve dissolve VERB issue-237 117 27 any any DET issue-237 117 28 lending lending NOUN issue-237 117 29 positions position NOUN issue-237 117 30 , , PUNCT issue-237 117 31 which which PRON issue-237 117 32 do do AUX issue-237 117 33 not not PART issue-237 117 34 comply comply VERB issue-237 117 35 with with ADP issue-237 117 36 the the DET issue-237 117 37 newly newly ADV issue-237 117 38 set set VERB issue-237 117 39 limit limit NOUN issue-237 117 40 of of ADP issue-237 117 41 25 25 NUM issue-237 117 42 % % NOUN issue-237 117 43 for for ADP issue-237 117 44 related related ADJ issue-237 117 45 party party NOUN issue-237 117 46 lending lending NOUN issue-237 117 47 and and CCONJ issue-237 117 48 to to PART issue-237 117 49 monitor monitor VERB issue-237 117 50 their their PRON issue-237 117 51 developments development NOUN issue-237 117 52 going go VERB issue-237 117 53 forward forward ADV issue-237 117 54 . . PUNCT issue-237 118 1 several several ADJ issue-237 118 2 banks bank NOUN issue-237 118 3 have have AUX issue-237 118 4 been be AUX issue-237 118 5 negotiating negotiate VERB issue-237 118 6 with with ADP issue-237 118 7 their their PRON issue-237 118 8 creditors creditor NOUN issue-237 118 9 to to PART issue-237 118 10 restructure restructure VERB issue-237 118 11 their their PRON issue-237 118 12 foreign foreign ADJ issue-237 118 13 currency currency NOUN issue-237 118 14 debt debt NOUN issue-237 118 15 exposures exposure NOUN issue-237 118 16 . . PUNCT issue-237 119 1 notably notably ADV issue-237 119 2 , , PUNCT issue-237 119 3 bondholders bondholder NOUN issue-237 119 4 in in ADP issue-237 119 5 oschadbank oschadbank NOUN issue-237 119 6 and and CCONJ issue-237 119 7 ukreximbank ukreximbank NOUN issue-237 119 8 agreed agree VERB issue-237 119 9 to to ADP issue-237 119 10 a a DET issue-237 119 11 maturity maturity NOUN issue-237 119 12 extension extension NOUN issue-237 119 13 of of ADP issue-237 119 14 their their PRON issue-237 119 15 1.5 1.5 NUM issue-237 119 16 bn bn NOUN issue-237 119 17 usd usd NOUN issue-237 119 18 and and CCONJ issue-237 119 19 1.2 1.2 NUM issue-237 119 20 bn bn NUM issue-237 119 21 usd usd NOUN issue-237 119 22 exposures exposure NOUN issue-237 119 23 , , PUNCT issue-237 119 24 respectively respectively ADV issue-237 119 25 , , PUNCT issue-237 119 26 in in ADP issue-237 119 27 return return NOUN issue-237 119 28 for for ADP issue-237 119 29 a a DET issue-237 119 30 margin margin NOUN issue-237 119 31 uplift uplift NOUN issue-237 119 32 on on ADP issue-237 119 33 the the DET issue-237 119 34 debt debt NOUN issue-237 119 35 . . PUNCT issue-237 120 1 however however ADV issue-237 120 2 , , PUNCT issue-237 120 3 the the DET issue-237 120 4 strong strong ADJ issue-237 120 5 dependency dependency NOUN issue-237 120 6 on on ADP issue-237 120 7 emergency emergency NOUN issue-237 120 8 liquidity liquidity NOUN issue-237 120 9 and and CCONJ issue-237 120 10 exposures exposure NOUN issue-237 120 11 to to ADP issue-237 120 12 the the DET issue-237 120 13 volatile volatile ADJ issue-237 120 14 economic economic ADJ issue-237 120 15 environment environment NOUN issue-237 120 16 will will AUX issue-237 120 17 continue continue VERB issue-237 120 18 to to PART issue-237 120 19 keep keep VERB issue-237 120 20 most most ADJ issue-237 120 21 banks bank NOUN issue-237 120 22 from from ADP issue-237 120 23 surpassing surpass VERB issue-237 120 24 the the DET issue-237 120 25 ukrainian ukrainian ADJ issue-237 120 26 government government NOUN issue-237 120 27 ’s ’s PART issue-237 120 28 ratings rating NOUN issue-237 120 29 . . PUNCT issue-237 121 1 funding funding NOUN issue-237 121 2 and and CCONJ issue-237 121 3 liquidity liquidity NOUN issue-237 121 4 . . PUNCT issue-237 122 1 another another DET issue-237 122 2 effect effect NOUN issue-237 122 3 of of ADP issue-237 122 4 the the DET issue-237 122 5 ongoing ongoing ADJ issue-237 122 6 economic economic ADJ issue-237 122 7 downturn downturn NOUN issue-237 122 8 in in ADP issue-237 122 9 the the DET issue-237 122 10 country country NOUN issue-237 122 11 has have AUX issue-237 122 12 been be AUX issue-237 122 13 strong strong ADJ issue-237 122 14 volatility volatility NOUN issue-237 122 15 in in ADP issue-237 122 16 banks bank NOUN issue-237 122 17 ’ ' PUNCT issue-237 122 18 short short ADJ issue-237 122 19 - - PUNCT issue-237 122 20 term term NOUN issue-237 122 21 funding funding NOUN issue-237 122 22 . . PUNCT issue-237 123 1 nominal nominal ADJ issue-237 123 2 demand demand NOUN issue-237 123 3 deposits deposit NOUN issue-237 123 4 of of ADP issue-237 123 5 households household NOUN issue-237 123 6 in in ADP issue-237 123 7 local local ADJ issue-237 123 8 currency currency NOUN issue-237 123 9 went go VERB issue-237 123 10 down down ADP issue-237 123 11 by by ADP issue-237 123 12 20 20 NUM issue-237 123 13 % % NOUN issue-237 123 14 between between ADP issue-237 123 15 the the DET issue-237 123 16 beginning beginning NOUN issue-237 123 17 of of ADP issue-237 123 18 2014 2014 NUM issue-237 123 19 until until SCONJ issue-237 123 20 the the DET issue-237 123 21 middle middle NOUN issue-237 123 22 of of ADP issue-237 123 23 2015 2015 NUM issue-237 123 24 and and CCONJ issue-237 123 25 foreign foreign ADJ issue-237 123 26 currency currency NOUN issue-237 123 27 deposits deposit NOUN issue-237 123 28 fell fall VERB issue-237 123 29 even even ADV issue-237 123 30 more more ADV issue-237 123 31 dramatically dramatically ADV issue-237 123 32 by by ADP issue-237 123 33 over over ADP issue-237 123 34 50 50 NUM issue-237 123 35 % % NOUN issue-237 123 36 ( ( PUNCT issue-237 123 37 usb usb NOUN issue-237 123 38 research research NOUN issue-237 123 39 , , PUNCT issue-237 123 40 2015 2015 NUM issue-237 123 41 , , PUNCT issue-237 123 42 august august PROPN issue-237 123 43 17 17 NUM issue-237 123 44 ) ) PUNCT issue-237 123 45 . . PUNCT issue-237 124 1 while while SCONJ issue-237 124 2 the the DET issue-237 124 3 situation situation NOUN issue-237 124 4 has have VERB issue-237 124 5 to to ADP issue-237 124 6 some some DET issue-237 124 7 extent extent NOUN issue-237 124 8 stabilized stabilize VERB issue-237 124 9 in in ADP issue-237 124 10 mid-2015 mid-2015 NOUN issue-237 124 11 , , PUNCT issue-237 124 12 the the DET issue-237 124 13 agencies agency NOUN issue-237 124 14 continue continue VERB issue-237 124 15 to to PART issue-237 124 16 see see VERB issue-237 124 17 low low ADJ issue-237 124 18 investor investor NOUN issue-237 124 19 confidence confidence NOUN issue-237 124 20 as as ADP issue-237 124 21 a a DET issue-237 124 22 key key ADJ issue-237 124 23 weakness weakness NOUN issue-237 124 24 . . PUNCT issue-237 125 1 as as ADP issue-237 125 2 an an DET issue-237 125 3 indicator indicator NOUN issue-237 125 4 of of ADP issue-237 125 5 bank bank NOUN issue-237 125 6 liquidity liquidity NOUN issue-237 125 7 , , PUNCT issue-237 125 8 the the DET issue-237 125 9 stark stark ADJ issue-237 125 10 increase increase NOUN issue-237 125 11 in in ADP issue-237 125 12 the the DET issue-237 125 13 loan loan NOUN issue-237 125 14 - - PUNCT issue-237 125 15 to to ADP issue-237 125 16 - - PUNCT issue-237 125 17 deposit deposit NOUN issue-237 125 18 ratio ratio NOUN issue-237 125 19 of of ADP issue-237 125 20 the the DET issue-237 125 21 ukrainian ukrainian ADJ issue-237 125 22 post-2008 post-2008 NOUN issue-237 125 23 financial financial ADJ issue-237 125 24 crisis crisis NOUN issue-237 125 25 , , PUNCT issue-237 125 26 indicating indicate VERB issue-237 125 27 higher high ADJ issue-237 125 28 leverage leverage NOUN issue-237 125 29 and and CCONJ issue-237 125 30 deposit deposit NOUN issue-237 125 31 outflows outflow NOUN issue-237 125 32 , , PUNCT issue-237 125 33 moved move VERB issue-237 125 34 in in ADV issue-237 125 35 parallel parallel NOUN issue-237 125 36 with with ADP issue-237 125 37 decreasing decrease VERB issue-237 125 38 credit credit NOUN issue-237 125 39 ratings rating NOUN issue-237 125 40 with with ADP issue-237 125 41 a a DET issue-237 125 42 current current ADJ issue-237 125 43 loan loan NOUN issue-237 125 44 - - PUNCT issue-237 125 45 to to ADP issue-237 125 46 - - PUNCT issue-237 125 47 deposit deposit NOUN issue-237 125 48 ratio ratio NOUN issue-237 125 49 around around ADP issue-237 125 50 1.18 1.18 NUM issue-237 125 51     SPACE issue-237 125 52 times time NOUN issue-237 125 53 ( ( PUNCT issue-237 125 54 see see VERB issue-237 125 55 figure figure NOUN issue-237 125 56 6 6 NUM issue-237 125 57 ) ) PUNCT issue-237 125 58 . . PUNCT issue-237 126 1 1,0 1,0 NUM issue-237 126 2 1,2 1,2 NUM issue-237 126 3 1,4 1,4 NUM issue-237 126 4 1,6 1,6 NUM issue-237 126 5 1,8 1,8 NUM issue-237 126 6 2,0 2,0 NUM issue-237 126 7 2,2 2,2 NUM issue-237 126 8 2,4 2,4 NUM issue-237 126 9 rating rating NOUN issue-237 126 10 privatbank privatbank NOUN issue-237 126 11 ( ( PUNCT issue-237 126 12 lhs lhs PROPN issue-237 126 13 ) ) PUNCT issue-237 126 14 rating rate VERB issue-237 126 15 oschadbank oschadbank NOUN issue-237 126 16 ( ( PUNCT issue-237 126 17 lhs lhs PROPN issue-237 126 18 ) ) PUNCT issue-237 126 19 rating rate VERB issue-237 126 20 ukreximbank ukreximbank NOUN issue-237 126 21 ( ( PUNCT issue-237 126 22 lhs lhs PROPN issue-237 126 23 ) ) PUNCT issue-237 126 24 loan loan NOUN issue-237 126 25 to to PART issue-237 126 26 deposit deposit VERB issue-237 126 27 ratio ratio NOUN issue-237 126 28 ukrainian ukrainian ADJ issue-237 126 29 banks bank NOUN issue-237 126 30 ( ( PUNCT issue-237 126 31 rhs rhs PROPN issue-237 126 32 ) ) PUNCT issue-237 126 33 bb bb PROPN issue-237 126 34 bbb+ bbb+ PROPN issue-237 126 35 b b PROPN issue-237 126 36 bccc bccc PROPN issue-237 126 37 cc cc PROPN issue-237 126 38 c c PROPN issue-237 126 39 rd rd PROPN issue-237 126 40 d d PROPN issue-237 126 41 fig fig NOUN issue-237 126 42 . . PUNCT issue-237 127 1 6 6 X issue-237 127 2 . . X issue-237 127 3 fitch fitch VERB issue-237 127 4 ukrainian ukrainian ADJ issue-237 127 5 banks banks PROPN issue-237 127 6 ratings rating NOUN issue-237 127 7 vs. vs. ADP issue-237 127 8 loan loan NOUN issue-237 127 9 to to PART issue-237 127 10 deposit deposit VERB issue-237 127 11 ratio ratio NOUN issue-237 127 12 development development NOUN issue-237 127 13 of of ADP issue-237 127 14 the the DET issue-237 127 15 ukrainian ukrainian ADJ issue-237 127 16 banks bank NOUN issue-237 127 17 , , PUNCT issue-237 127 18 2008–2017 2008–2017 NUM issue-237 127 19 source source NOUN issue-237 127 20 : : PUNCT issue-237 127 21 the the DET issue-237 127 22 author author NOUN issue-237 127 23 ’s ’s PART issue-237 127 24 own own ADJ issue-237 127 25 research research NOUN issue-237 127 26 based base VERB issue-237 127 27 on on ADP issue-237 127 28 banks bank NOUN issue-237 127 29 ’ ' PUNCT issue-237 127 30 public public ADJ issue-237 127 31 information information NOUN issue-237 127 32 , , PUNCT issue-237 127 33 fitch fitch NOUN issue-237 127 34 ratings rating NOUN issue-237 127 35 ( ( PUNCT issue-237 127 36 2017 2017 NUM issue-237 127 37 , , PUNCT issue-237 127 38 july july PROPN issue-237 127 39 25 25 NUM issue-237 127 40 ) ) PUNCT issue-237 127 41 and and CCONJ issue-237 127 42 national national PROPN issue-237 127 43 bank bank PROPN issue-237 127 44 of of ADP issue-237 127 45 ukraine ukraine PROPN issue-237 127 46 data datum NOUN issue-237 127 47 ( ( PUNCT issue-237 127 48 2017 2017 NUM issue-237 127 49 ) ) PUNCT issue-237 127 50 moody moody NOUN issue-237 127 51 ’s ’s PART issue-237 127 52 ( ( PUNCT issue-237 127 53 2015 2015 NUM issue-237 127 54 , , PUNCT issue-237 127 55 july july PROPN issue-237 127 56 10 10 NUM issue-237 127 57 ) ) PUNCT issue-237 127 58 stated state VERB issue-237 127 59 that that SCONJ issue-237 127 60 ukrainian ukrainian ADJ issue-237 127 61 banks bank NOUN issue-237 127 62 continue continue VERB issue-237 127 63 to to PART issue-237 127 64 face face VERB issue-237 127 65 significant significant ADJ issue-237 127 66 liquidity liquidity NOUN issue-237 127 67 risks risk NOUN issue-237 127 68 and and CCONJ issue-237 127 69 that that SCONJ issue-237 127 70 the the DET issue-237 127 71 confidence confidence NOUN issue-237 127 72 of of ADP issue-237 127 73 depositors depositor NOUN issue-237 127 74 still still ADV issue-237 127 75 has have VERB issue-237 127 76 to to PART issue-237 127 77 stabilize stabilize VERB issue-237 127 78 . . PUNCT issue-237 128 1 in in ADP issue-237 128 2 the the DET issue-237 128 3 first first ADJ issue-237 128 4 quarter quarter NOUN issue-237 128 5 of of ADP issue-237 128 6 2015 2015 NUM issue-237 128 7 , , PUNCT issue-237 128 8 following follow VERB issue-237 128 9 strong strong ADJ issue-237 128 10 withdrawals withdrawal NOUN issue-237 128 11 in in ADP issue-237 128 12 2014 2014 NUM issue-237 128 13 , , PUNCT issue-237 128 14 ukraine ukraine PROPN issue-237 128 15 ’s ’s PART issue-237 128 16 banking banking NOUN issue-237 128 17 system system NOUN issue-237 128 18 was be AUX issue-237 128 19 hit hit VERB issue-237 128 20 by by ADP issue-237 128 21 5 5 NUM issue-237 128 22 % % NOUN issue-237 128 23 of of ADP issue-237 128 24 local local ADJ issue-237 128 25 - - PUNCT issue-237 128 26 currency currency NOUN issue-237 128 27 deposits deposit NOUN issue-237 128 28 and and CCONJ issue-237 128 29 13 13 NUM issue-237 128 30 % % NOUN issue-237 128 31 of of ADP issue-237 128 32 foreign foreign ADJ issue-237 128 33 - - PUNCT issue-237 128 34 currency currency NOUN issue-237 128 35 deposits deposit NOUN issue-237 128 36 decrease decrease VERB issue-237 128 37 . . PUNCT issue-237 129 1 ukrainian ukrainian ADJ issue-237 129 2 banks bank NOUN issue-237 129 3 faced face VERB issue-237 129 4 challenges challenge NOUN issue-237 129 5 paying pay VERB issue-237 129 6 back back ADV issue-237 129 7 their their PRON issue-237 129 8 international international ADJ issue-237 129 9 borrowings borrowing NOUN issue-237 129 10 that that PRON issue-237 129 11 were be AUX issue-237 129 12 due due ADJ issue-237 129 13 in in ADP issue-237 129 14 2015 2015 NUM issue-237 129 15 – – PUNCT issue-237 129 16 2016 2016 NUM issue-237 129 17 , , PUNCT issue-237 129 18 which which PRON issue-237 129 19 required require VERB issue-237 129 20 further far ADV issue-237 129 21 distressed distressed ADJ issue-237 129 22 exchanges exchange NOUN issue-237 129 23 in in ADP issue-237 129 24 order order NOUN issue-237 129 25 to to PART issue-237 129 26 extend extend VERB issue-237 129 27 maturities maturity NOUN issue-237 129 28 . . PUNCT issue-237 130 1 deposit deposit NOUN issue-237 130 2 outflows outflow NOUN issue-237 130 3 and and CCONJ issue-237 130 4 the the DET issue-237 130 5 strong strong ADJ issue-237 130 6 devaluation devaluation NOUN issue-237 130 7 of of ADP issue-237 130 8 the the DET issue-237 130 9 hryvnia hryvnia NOUN issue-237 130 10 have have AUX issue-237 130 11 led lead VERB issue-237 130 12 to to ADP issue-237 130 13 an an DET issue-237 130 14 erosion erosion NOUN issue-237 130 15 of of ADP issue-237 130 16 bank bank NOUN issue-237 130 17 liquidity liquidity NOUN issue-237 130 18 . . PUNCT issue-237 131 1 in in ADP issue-237 131 2 2015 2015 NUM issue-237 131 3 alone alone ADV issue-237 131 4 , , PUNCT issue-237 131 5 the the DET issue-237 131 6 ukrainian ukrainian PROPN issue-237 131 7 national national PROPN issue-237 131 8 bank bank PROPN issue-237 131 9 provided provide VERB issue-237 131 10 over over ADP issue-237 131 11 5 5 NUM issue-237 131 12 bn bn ADV issue-237 131 13 uah uah NOUN issue-237 131 14 in in ADP issue-237 131 15 emergency emergency NOUN issue-237 131 16 liquidity liquidity NOUN issue-237 131 17 assistance assistance NOUN issue-237 131 18 to to ADP issue-237 131 19 the the DET issue-237 131 20 banking banking NOUN issue-237 131 21 system system NOUN issue-237 131 22 , , PUNCT issue-237 131 23 notably notably ADV issue-237 131 24 including include VERB issue-237 131 25 privatbank privatbank NOUN issue-237 131 26 and and CCONJ issue-237 131 27 ukreximbank ukreximbank NOUN issue-237 131 28 , , PUNCT issue-237 131 29 and and CCONJ issue-237 131 30 a a DET issue-237 131 31 maturity maturity NOUN issue-237 131 32 extension extension NOUN issue-237 131 33 on on ADP issue-237 131 34 past past ADJ issue-237 131 35 loans loan NOUN issue-237 131 36 was be AUX issue-237 131 37 granted grant VERB issue-237 131 38 to to ADP issue-237 131 39 recipients recipient NOUN issue-237 131 40 ( ( PUNCT issue-237 131 41 nbu nbu PROPN issue-237 131 42 , , PUNCT issue-237 131 43 2017 2017 NUM issue-237 131 44 ) ) PUNCT issue-237 131 45 . . PUNCT issue-237 132 1 baltic baltic PROPN issue-237 132 2 journal journal PROPN issue-237 132 3 of of ADP issue-237 132 4 economic economic ADJ issue-237 132 5 studies study NOUN issue-237 132 6 221 221 NUM issue-237 132 7 vol vol NOUN issue-237 132 8 . . PUNCT issue-237 133 1 3 3 NUM issue-237 133 2 , , PUNCT issue-237 133 3 no no INTJ issue-237 133 4 . . NOUN issue-237 133 5 4 4 NUM issue-237 133 6 , , PUNCT issue-237 133 7 2017 2017 NUM issue-237 133 8 in in ADP issue-237 133 9 its its PRON issue-237 133 10 note note NOUN issue-237 133 11 on on ADP issue-237 133 12 privatbank privatbank NOUN issue-237 133 13 from from ADP issue-237 133 14 july july PROPN issue-237 133 15 2015 2015 NUM issue-237 133 16 , , PUNCT issue-237 133 17 s&p s&p PROPN issue-237 133 18 opined opine VERB issue-237 133 19 that that SCONJ issue-237 133 20 it it PRON issue-237 133 21 viewed view VERB issue-237 133 22 the the DET issue-237 133 23 privatbank privatbank NOUN issue-237 133 24 ’s ’s PART issue-237 133 25 liquidity liquidity NOUN issue-237 133 26 as as ADP issue-237 133 27 weak weak ADJ issue-237 133 28 compared compare VERB issue-237 133 29 to to ADP issue-237 133 30 moderate moderate ADJ issue-237 133 31 . . PUNCT issue-237 134 1 agency agency NOUN issue-237 134 2 ’s ’s PART issue-237 134 3 evaluation evaluation NOUN issue-237 134 4 was be AUX issue-237 134 5 based base VERB issue-237 134 6 on on ADP issue-237 134 7 the the DET issue-237 134 8 bank bank NOUN issue-237 134 9 ’s ’s PART issue-237 134 10 strong strong ADJ issue-237 134 11 dependence dependence NOUN issue-237 134 12 on on ADP issue-237 134 13 the the DET issue-237 134 14 national national PROPN issue-237 134 15 bank bank PROPN issue-237 134 16 of of ADP issue-237 134 17 ukraine ukraine NOUN issue-237 134 18 for for ADP issue-237 134 19 the the DET issue-237 134 20 liquidity liquidity NOUN issue-237 134 21 assistance assistance NOUN issue-237 134 22 to to PART issue-237 134 23 tackle tackle VERB issue-237 134 24 the the DET issue-237 134 25 problem problem NOUN issue-237 134 26 of of ADP issue-237 134 27 the the DET issue-237 134 28 continuing continue VERB issue-237 134 29 withdrawal withdrawal NOUN issue-237 134 30 of of ADP issue-237 134 31 deposits deposit NOUN issue-237 134 32 . . PUNCT issue-237 135 1 s&p s&p PROPN issue-237 135 2 also also ADV issue-237 135 3 stated state VERB issue-237 135 4 that that SCONJ issue-237 135 5 it it PRON issue-237 135 6 believed believe VERB issue-237 135 7 that that SCONJ issue-237 135 8 the the DET issue-237 135 9 planned plan VERB issue-237 135 10 eurobond eurobond NOUN issue-237 135 11 restructuring restructuring NOUN issue-237 135 12 could could AUX issue-237 135 13 weaken weaken VERB issue-237 135 14 the the DET issue-237 135 15 confidence confidence NOUN issue-237 135 16 of of ADP issue-237 135 17 investors investor NOUN issue-237 135 18 ( ( PUNCT issue-237 135 19 interfax interfax NOUN issue-237 135 20 - - PUNCT issue-237 135 21 ukraine ukraine NOUN issue-237 135 22 , , PUNCT issue-237 135 23 2015 2015 NUM issue-237 135 24 , , PUNCT issue-237 135 25 july july PROPN issue-237 135 26 10 10 NUM issue-237 135 27 ) ) PUNCT issue-237 135 28 . . PUNCT issue-237 136 1 from from ADP issue-237 136 2 the the DET issue-237 136 3 rating rating NOUN issue-237 136 4 agencies agency NOUN issue-237 136 5 ’ ' PUNCT issue-237 136 6 perspective perspective NOUN issue-237 136 7 , , PUNCT issue-237 136 8 the the DET issue-237 136 9 sustained sustained ADJ issue-237 136 10 provision provision NOUN issue-237 136 11 of of ADP issue-237 136 12 liquidity liquidity NOUN issue-237 136 13 by by ADP issue-237 136 14 the the DET issue-237 136 15 ukrainian ukrainian PROPN issue-237 136 16 national national PROPN issue-237 136 17 bank bank PROPN issue-237 136 18 to to ADP issue-237 136 19 the the DET issue-237 136 20 banking banking NOUN issue-237 136 21 system system NOUN issue-237 136 22 , , PUNCT issue-237 136 23 as as ADV issue-237 136 24 well well ADV issue-237 136 25 as as ADP issue-237 136 26 short short ADJ issue-237 136 27 - - PUNCT issue-237 136 28 term term NOUN issue-237 136 29 capital capital NOUN issue-237 136 30 controls control NOUN issue-237 136 31 , , PUNCT issue-237 136 32 has have AUX issue-237 136 33 been be AUX issue-237 136 34 of of ADP issue-237 136 35 key key ADJ issue-237 136 36 importance importance NOUN issue-237 136 37 for for ADP issue-237 136 38 stabilizing stabilize VERB issue-237 136 39 the the DET issue-237 136 40 banking banking NOUN issue-237 136 41 sector sector NOUN issue-237 136 42 as as ADP issue-237 136 43 a a DET issue-237 136 44 whole whole NOUN issue-237 136 45 . . PUNCT issue-237 137 1 free free ADJ issue-237 137 2 access access NOUN issue-237 137 3 to to ADP issue-237 137 4 capital capital NOUN issue-237 137 5 markets market NOUN issue-237 137 6 and and CCONJ issue-237 137 7 the the DET issue-237 137 8 successful successful ADJ issue-237 137 9 raising raising NOUN issue-237 137 10 of of ADP issue-237 137 11 capital capital NOUN issue-237 137 12 are be AUX issue-237 137 13 also also ADV issue-237 137 14 seen see VERB issue-237 137 15 as as ADP issue-237 137 16 prominently prominently ADV issue-237 137 17 positive positive ADJ issue-237 137 18 factors factor NOUN issue-237 137 19 for for ADP issue-237 137 20 the the DET issue-237 137 21 individual individual ADJ issue-237 137 22 banks bank NOUN issue-237 137 23 ’ ’ PART issue-237 137 24 liquidity liquidity NOUN issue-237 137 25 positions position NOUN issue-237 137 26 . . PUNCT issue-237 138 1 however however ADV issue-237 138 2 , , PUNCT issue-237 138 3 the the DET issue-237 138 4 current current ADJ issue-237 138 5 environment environment NOUN issue-237 138 6 remains remain VERB issue-237 138 7 very very ADV issue-237 138 8 difficult difficult ADJ issue-237 138 9 . . PUNCT issue-237 139 1 as as ADP issue-237 139 2 of of ADP issue-237 139 3 october october PROPN issue-237 139 4 2017 2017 NUM issue-237 139 5 cost cost NOUN issue-237 139 6 of of ADP issue-237 139 7 loans loan NOUN issue-237 139 8 is be AUX issue-237 139 9 around around ADV issue-237 139 10 14.8 14.8 NUM issue-237 139 11 % % NOUN issue-237 139 12 in in ADP issue-237 139 13 domestic domestic ADJ issue-237 139 14 currency currency NOUN issue-237 139 15 and and CCONJ issue-237 139 16 8 8 NUM issue-237 139 17 % % NOUN issue-237 139 18 in in ADP issue-237 139 19 foreign foreign ADJ issue-237 139 20 currency currency NOUN issue-237 139 21 , , PUNCT issue-237 139 22 while while SCONJ issue-237 139 23 costs cost NOUN issue-237 139 24 of of ADP issue-237 139 25 term term NOUN issue-237 139 26 deposits deposit NOUN issue-237 139 27 are be AUX issue-237 139 28 9.4 9.4 NUM issue-237 139 29 % % NOUN issue-237 139 30 and and CCONJ issue-237 139 31 2.6 2.6 NUM issue-237 139 32 % % NOUN issue-237 139 33 in in ADP issue-237 139 34 national national ADJ issue-237 139 35 and and CCONJ issue-237 139 36 foreign foreign ADJ issue-237 139 37 exchanges exchange NOUN issue-237 139 38 correspondingly correspondingly ADV issue-237 139 39 . . PUNCT issue-237 140 1 an an DET issue-237 140 2 average average ADJ issue-237 140 3 weighted weight VERB issue-237 140 4 interest interest NOUN issue-237 140 5 rate rate NOUN issue-237 140 6 on on ADP issue-237 140 7 interbank interbank NOUN issue-237 140 8 credit credit NOUN issue-237 140 9 market market NOUN issue-237 140 10 is be AUX issue-237 140 11 at at ADP issue-237 140 12 11.7 11.7 NUM issue-237 140 13 % % NOUN issue-237 140 14 level level NOUN issue-237 140 15 ( ( PUNCT issue-237 140 16 nbu nbu NOUN issue-237 140 17 , , PUNCT issue-237 140 18 2017 2017 NUM issue-237 140 19 ) ) PUNCT issue-237 140 20 . . PUNCT issue-237 141 1 the the DET issue-237 141 2 impact impact NOUN issue-237 141 3 of of ADP issue-237 141 4 the the DET issue-237 141 5 complex complex ADJ issue-237 141 6 interplay interplay NOUN issue-237 141 7 of of ADP issue-237 141 8 deposit deposit NOUN issue-237 141 9 flows flow NOUN issue-237 141 10 , , PUNCT issue-237 141 11 inflation inflation NOUN issue-237 141 12 and and CCONJ issue-237 141 13 interest interest NOUN issue-237 141 14 rate rate NOUN issue-237 141 15 development development NOUN issue-237 141 16 , , PUNCT issue-237 141 17 as as ADV issue-237 141 18 well well ADV issue-237 141 19 as as ADP issue-237 141 20 government government NOUN issue-237 141 21 solvency solvency NOUN issue-237 141 22 , , PUNCT issue-237 141 23 will will AUX issue-237 141 24 be be AUX issue-237 141 25 a a DET issue-237 141 26 key key ADJ issue-237 141 27 determinant determinant ADJ issue-237 141 28 for for ADP issue-237 141 29 rating rating NOUN issue-237 141 30 agencies agency NOUN issue-237 141 31 in in ADP issue-237 141 32 their their PRON issue-237 141 33 credit credit NOUN issue-237 141 34 strength strength NOUN issue-237 141 35 assessments assessment NOUN issue-237 141 36 for for ADP issue-237 141 37 individual individual ADJ issue-237 141 38 banks bank NOUN issue-237 141 39 . . PUNCT issue-237 142 1 exchange exchange NOUN issue-237 142 2 rate rate NOUN issue-237 142 3 . . PUNCT issue-237 143 1 another another DET issue-237 143 2 deciding decide VERB issue-237 143 3 factor factor NOUN issue-237 143 4 is be AUX issue-237 143 5 local local ADJ issue-237 143 6 currency currency NOUN issue-237 143 7 stability stability NOUN issue-237 143 8 . . PUNCT issue-237 144 1 the the DET issue-237 144 2 hryvnia hryvnia NOUN issue-237 144 3 exchange exchange NOUN issue-237 144 4 rate rate NOUN issue-237 144 5 against against ADP issue-237 144 6 the the DET issue-237 144 7 main main ADJ issue-237 144 8 currencies currency NOUN issue-237 144 9 dramatically dramatically ADV issue-237 144 10 reduced reduce VERB issue-237 144 11 in in ADP issue-237 144 12 2015 2015 NUM issue-237 144 13 with with ADP issue-237 144 14 the the DET issue-237 144 15 rate rate NOUN issue-237 144 16 against against ADP issue-237 144 17 the the DET issue-237 144 18 usd usd NOUN issue-237 144 19 decreasing decrease VERB issue-237 144 20 by by ADP issue-237 144 21 40 40 NUM issue-237 144 22 % % NOUN issue-237 144 23 from from ADP issue-237 144 24 january january PROPN issue-237 144 25 to to ADP issue-237 144 26 september september PROPN issue-237 144 27 2015 2015 NUM issue-237 144 28 . . PUNCT issue-237 145 1 given give VERB issue-237 145 2 that that PRON issue-237 145 3 around around ADP issue-237 145 4 50 50 NUM issue-237 145 5 % % NOUN issue-237 145 6 of of ADP issue-237 145 7 total total ADJ issue-237 145 8 loans loan NOUN issue-237 145 9 to to ADP issue-237 145 10 customers customer NOUN issue-237 145 11 and and CCONJ issue-237 145 12 other other ADJ issue-237 145 13 financial financial ADJ issue-237 145 14 institutions institution NOUN issue-237 145 15 in in ADP issue-237 145 16 the the DET issue-237 145 17 country country NOUN issue-237 145 18 ’s ’s PART issue-237 145 19 banking banking NOUN issue-237 145 20 system system NOUN issue-237 145 21 are be AUX issue-237 145 22 denominated denominate VERB issue-237 145 23 in in ADP issue-237 145 24 foreign foreign ADJ issue-237 145 25 currencies currency NOUN issue-237 145 26 , , PUNCT issue-237 145 27 according accord VERB issue-237 145 28 to to ADP issue-237 145 29 data datum NOUN issue-237 145 30 from from ADP issue-237 145 31 ukrainian ukrainian PROPN issue-237 145 32 national national PROPN issue-237 145 33 bank bank PROPN issue-237 145 34 per per ADP issue-237 145 35 july july PROPN issue-237 145 36 2015 2015 NUM issue-237 145 37 , , PUNCT issue-237 145 38 hugely hugely ADV issue-237 145 39 negative negative ADJ issue-237 145 40 implications implication NOUN issue-237 145 41 become become VERB issue-237 145 42 apparent apparent ADJ issue-237 145 43 ( ( PUNCT issue-237 145 44 nbu nbu NOUN issue-237 145 45 , , PUNCT issue-237 145 46 2017 2017 NUM issue-237 145 47 ) ) PUNCT issue-237 145 48 . . PUNCT issue-237 146 1 these these DET issue-237 146 2 developments development NOUN issue-237 146 3 put put VERB issue-237 146 4 considerable considerable ADJ issue-237 146 5 strain strain NOUN issue-237 146 6 on on ADP issue-237 146 7 banks bank NOUN issue-237 146 8 ’ ' PUNCT issue-237 146 9 foreign foreign ADJ issue-237 146 10 currency currency NOUN issue-237 146 11 reserves reserve NOUN issue-237 146 12 . . PUNCT issue-237 147 1 as as SCONJ issue-237 147 2 shown show VERB issue-237 147 3 in in ADP issue-237 147 4 figure figure NOUN issue-237 147 5 7 7 NUM issue-237 147 6 the the DET issue-237 147 7 dramatic dramatic ADJ issue-237 147 8 decrease decrease NOUN issue-237 147 9 of of ADP issue-237 147 10 the the DET issue-237 147 11 uah uah ADJ issue-237 147 12 / / SYM issue-237 147 13 usd usd NOUN issue-237 147 14 exchange exchange NOUN issue-237 147 15 rate rate NOUN issue-237 147 16 starting start VERB issue-237 147 17 at at ADP issue-237 147 18 the the DET issue-237 147 19 end end NOUN issue-237 147 20 of of ADP issue-237 147 21 2013 2013 NUM issue-237 147 22 , , PUNCT issue-237 147 23 mirroring mirror VERB issue-237 147 24 a a DET issue-237 147 25 strong strong ADJ issue-237 147 26 increase increase NOUN issue-237 147 27 in in ADP issue-237 147 28 inflation inflation NOUN issue-237 147 29 and and CCONJ issue-237 147 30 overall overall ADV issue-237 147 31 worsening worsen VERB issue-237 147 32 state state NOUN issue-237 147 33 of of ADP issue-237 147 34 the the DET issue-237 147 35 ukrainian ukrainian ADJ issue-237 147 36 economy economy NOUN issue-237 147 37 and and CCONJ issue-237 147 38 the the DET issue-237 147 39 banking banking NOUN issue-237 147 40 sector sector NOUN issue-237 147 41 , , PUNCT issue-237 147 42 in in ADP issue-237 147 43 particular particular ADJ issue-237 147 44 , , PUNCT issue-237 147 45 has have AUX issue-237 147 46 been be AUX issue-237 147 47 reflected reflect VERB issue-237 147 48 in in ADP issue-237 147 49 the the DET issue-237 147 50 banks bank NOUN issue-237 147 51 ’ ' PUNCT issue-237 147 52 ratings rating NOUN issue-237 147 53 . . PUNCT issue-237 148 1 currently currently ADV issue-237 148 2 , , PUNCT issue-237 148 3 ukrainian ukrainian ADJ issue-237 148 4 two two NUM issue-237 148 5 major major ADJ issue-237 148 6 banks bank NOUN issue-237 148 7 ’ ' PUNCT issue-237 148 8 ratings rating NOUN issue-237 148 9 are be AUX issue-237 148 10 band band NOUN issue-237 148 11 privatbank privatbank NOUN issue-237 148 12 hovering hover VERB issue-237 148 13 around around ADP issue-237 148 14 the the DET issue-237 148 15 default default NOUN issue-237 148 16 level level NOUN issue-237 148 17 , , PUNCT issue-237 148 18 while while SCONJ issue-237 148 19 the the DET issue-237 148 20 exchange exchange NOUN issue-237 148 21 rate rate NOUN issue-237 148 22 is be AUX issue-237 148 23 trading trade VERB issue-237 148 24 near near ADP issue-237 148 25 its its PRON issue-237 148 26 recent recent ADJ issue-237 148 27 historical historical ADJ issue-237 148 28 low low NOUN issue-237 148 29 of of ADP issue-237 148 30 26 26 NUM issue-237 148 31 uah uah ADJ issue-237 148 32 / / SYM issue-237 148 33 usd usd NOUN issue-237 148 34 . . PUNCT issue-237 149 1 s&p s&p PROPN issue-237 149 2 ( ( PUNCT issue-237 149 3 2015 2015 NUM issue-237 149 4 , , PUNCT issue-237 149 5 august august PROPN issue-237 149 6 28 28 NUM issue-237 149 7 ) ) PUNCT issue-237 149 8 noted note VERB issue-237 149 9 that that SCONJ issue-237 149 10 in in ADP issue-237 149 11 february february PROPN issue-237 149 12 2015 2015 NUM issue-237 149 13 hryvnia hryvnia NOUN issue-237 149 14 has have AUX issue-237 149 15 been be AUX issue-237 149 16 officially officially ADV issue-237 149 17 floated float VERB issue-237 149 18 , , PUNCT issue-237 149 19 and and CCONJ issue-237 149 20 its its PRON issue-237 149 21 exchange exchange NOUN issue-237 149 22 rate rate NOUN issue-237 149 23 was be AUX issue-237 149 24 supported support VERB issue-237 149 25 by by ADP issue-237 149 26 a a DET issue-237 149 27 drastic drastic ADJ issue-237 149 28 increase increase NOUN issue-237 149 29 in in ADP issue-237 149 30 the the DET issue-237 149 31 refinancing refinance VERB issue-237 149 32 rate rate NOUN issue-237 149 33 and and CCONJ issue-237 149 34 rigorous rigorous ADJ issue-237 149 35 control control NOUN issue-237 149 36 over over ADP issue-237 149 37 the the DET issue-237 149 38 currency currency NOUN issue-237 149 39 . . PUNCT issue-237 150 1 this this DET issue-237 150 2 control control NOUN issue-237 150 3 included include VERB issue-237 150 4 the the DET issue-237 150 5 prohibition prohibition NOUN issue-237 150 6 of of ADP issue-237 150 7 the the DET issue-237 150 8 foreign foreign ADJ issue-237 150 9 currency currency NOUN issue-237 150 10 exchange exchange NOUN issue-237 150 11 sales sale NOUN issue-237 150 12 by by ADP issue-237 150 13 individuals individual NOUN issue-237 150 14 larger large ADJ issue-237 150 15 than than ADP issue-237 150 16 3,000.00 3,000.00 NUM issue-237 150 17     SPACE issue-237 150 18 hryvnias hryvnia NOUN issue-237 150 19 , , PUNCT issue-237 150 20 as as ADV issue-237 150 21 well well ADV issue-237 150 22 as as ADP issue-237 150 23 15,000.00 15,000.00 NUM issue-237 150 24 hryvnias hryvnias NOUN issue-237 150 25 on on ADP issue-237 150 26 deposit deposit NOUN issue-237 150 27 payments payment NOUN issue-237 150 28 in in ADP issue-237 150 29 foreign foreign ADJ issue-237 150 30 currencies currency NOUN issue-237 150 31 . . PUNCT issue-237 151 1 another another DET issue-237 151 2 control control NOUN issue-237 151 3 measure measure NOUN issue-237 151 4 was be AUX issue-237 151 5 restrictions restriction NOUN issue-237 151 6 on on ADP issue-237 151 7 banks bank NOUN issue-237 151 8 ’ ' PUNCT issue-237 151 9 foreign foreign ADJ issue-237 151 10 exchange exchange NOUN issue-237 151 11 purchases purchase NOUN issue-237 151 12 for for ADP issue-237 151 13 own own ADJ issue-237 151 14 accounts account NOUN issue-237 151 15 , , PUNCT issue-237 151 16 the the DET issue-237 151 17 obligatory obligatory ADJ issue-237 151 18 sale sale NOUN issue-237 151 19 of of ADP issue-237 151 20 75 75 NUM issue-237 151 21 % % NOUN issue-237 151 22 of of ADP issue-237 151 23 exporter exporter NOUN issue-237 151 24 ’s ’s PART issue-237 151 25 foreign foreign ADJ issue-237 151 26 receivables receivables NOUN issue-237 151 27 in in ADP issue-237 151 28 exchange exchange NOUN issue-237 151 29 for for ADP issue-237 151 30 hryvnias hryvnia NOUN issue-237 151 31 , , PUNCT issue-237 151 32 and and CCONJ issue-237 151 33 more more ADV issue-237 151 34 severe severe ADJ issue-237 151 35 control control NOUN issue-237 151 36 of of ADP issue-237 151 37 importers importer NOUN issue-237 151 38 . . PUNCT issue-237 152 1 refinancing refinance VERB issue-237 152 2 of of ADP issue-237 152 3 foreign foreign ADJ issue-237 152 4 currency currency NOUN issue-237 152 5 debt debt NOUN issue-237 152 6 has have AUX issue-237 152 7 , , PUNCT issue-237 152 8 therefore therefore ADV issue-237 152 9 , , PUNCT issue-237 152 10 become become VERB issue-237 152 11 extremely extremely ADV issue-237 152 12 challenging challenging ADJ issue-237 152 13 for for ADP issue-237 152 14 ukrainian ukrainian ADJ issue-237 152 15 banks bank NOUN issue-237 152 16 . . PUNCT issue-237 153 1 to to PART issue-237 153 2 address address VERB issue-237 153 3 this this PRON issue-237 153 4 , , PUNCT issue-237 153 5 as as SCONJ issue-237 153 6 mentioned mention VERB issue-237 153 7 above above ADV issue-237 153 8 , , PUNCT issue-237 153 9 the the DET issue-237 153 10 country country NOUN issue-237 153 11 ’s ’s PART issue-237 153 12 largest large ADJ issue-237 153 13 private private ADJ issue-237 153 14 banks bank NOUN issue-237 153 15 , , PUNCT issue-237 153 16 banks bank NOUN issue-237 153 17 controlled control VERB issue-237 153 18 by by ADP issue-237 153 19 the the DET issue-237 153 20 government government NOUN issue-237 153 21 , , PUNCT issue-237 153 22 as as ADV issue-237 153 23 well well ADV issue-237 153 24 as as ADP issue-237 153 25 the the DET issue-237 153 26 government government NOUN issue-237 153 27 itself itself PRON issue-237 153 28 , , PUNCT issue-237 153 29 have have AUX issue-237 153 30 been be AUX issue-237 153 31 engaging engage VERB issue-237 153 32 in in ADP issue-237 153 33 negotiations negotiation NOUN issue-237 153 34 with with ADP issue-237 153 35 lenders lender NOUN issue-237 153 36 to to PART issue-237 153 37 restructure restructure VERB issue-237 153 38 their their PRON issue-237 153 39 foreign foreign ADJ issue-237 153 40 currency currency NOUN issue-237 153 41 eurobonds eurobond NOUN issue-237 153 42 , , PUNCT issue-237 153 43 mainly mainly ADV issue-237 153 44 seeking seek VERB issue-237 153 45 to to PART issue-237 153 46 reduce reduce VERB issue-237 153 47 debt debt NOUN issue-237 153 48 and and CCONJ issue-237 153 49 interest interest NOUN issue-237 153 50 burdens burden NOUN issue-237 153 51 through through ADP issue-237 153 52 haircuts haircut NOUN issue-237 153 53 or or CCONJ issue-237 153 54 the the DET issue-237 153 55 extension extension NOUN issue-237 153 56 of of ADP issue-237 153 57 maturities maturity NOUN issue-237 153 58 . . PUNCT issue-237 154 1 the the DET issue-237 154 2 success success NOUN issue-237 154 3 of of ADP issue-237 154 4 these these DET issue-237 154 5 efforts effort NOUN issue-237 154 6 is be AUX issue-237 154 7 closely closely ADV issue-237 154 8 monitored monitor VERB issue-237 154 9 by by ADP issue-237 154 10 the the DET issue-237 154 11 rating rating NOUN issue-237 154 12 agencies agency NOUN issue-237 154 13 and and CCONJ issue-237 154 14 has have VERB issue-237 154 15 both both DET issue-237 154 16 shortand shortand NOUN issue-237 154 17 long long ADJ issue-237 154 18 - - PUNCT issue-237 154 19 term term NOUN issue-237 154 20 implications implication NOUN issue-237 154 21 for for ADP issue-237 154 22 the the DET issue-237 154 23 institutions institution NOUN issue-237 154 24 ’ ' PUNCT issue-237 154 25 ratings rating NOUN issue-237 154 26 . . PUNCT issue-237 155 1 5 5 X issue-237 155 2 . . X issue-237 155 3 conclusions conclusion NOUN issue-237 155 4 the the DET issue-237 155 5 ukrainian ukrainian ADJ issue-237 155 6 banking banking NOUN issue-237 155 7 sector sector NOUN issue-237 155 8 is be AUX issue-237 155 9 currently currently ADV issue-237 155 10 facing face VERB issue-237 155 11 a a DET issue-237 155 12 highly highly ADV issue-237 155 13 challenging challenging ADJ issue-237 155 14 environment environment NOUN issue-237 155 15 reflected reflect VERB issue-237 155 16 in in ADP issue-237 155 17 a a DET issue-237 155 18 volatile volatile ADJ issue-237 155 19 economy economy NOUN issue-237 155 20 , , PUNCT issue-237 155 21 reduced reduce VERB issue-237 155 22 capital capital NOUN issue-237 155 23 cushions cushion NOUN issue-237 155 24 , , PUNCT issue-237 155 25 increased increase VERB issue-237 155 26 reliance reliance NOUN issue-237 155 27 on on ADP issue-237 155 28 state state NOUN issue-237 155 29 funding funding NOUN issue-237 155 30 to to PART issue-237 155 31 counter counter VERB issue-237 155 32 dwindling dwindle VERB issue-237 155 33 liquidity liquidity NOUN issue-237 155 34 , , PUNCT issue-237 155 35 as as ADV issue-237 155 36 well well ADV issue-237 155 37 as as ADP issue-237 155 38 a a DET issue-237 155 39 decrease decrease NOUN issue-237 155 40 of of ADP issue-237 155 41 credit credit NOUN issue-237 155 42 quality quality NOUN issue-237 155 43 across across ADP issue-237 155 44 the the DET issue-237 155 45 market market NOUN issue-237 155 46 . . PUNCT issue-237 156 1 credit credit NOUN issue-237 156 2 rating rating NOUN issue-237 156 3 drivers driver NOUN issue-237 156 4 for for ADP issue-237 156 5 ukrainian ukrainian ADJ issue-237 156 6 banks bank NOUN issue-237 156 7 that that PRON issue-237 156 8 were be AUX issue-237 156 9 identified identify VERB issue-237 156 10 by by ADP issue-237 156 11 this this DET issue-237 156 12 research research NOUN issue-237 156 13 to to PART issue-237 156 14 pose pose VERB issue-237 156 15 a a DET issue-237 156 16 key key ADJ issue-237 156 17 influence influence NOUN issue-237 156 18 are be AUX issue-237 156 19 : : PUNCT issue-237 156 20 1 1 X issue-237 156 21 ) ) PUNCT issue-237 156 22 sovereign sovereign ADJ issue-237 156 23 risk risk NOUN issue-237 156 24 ; ; PUNCT issue-237 156 25 2 2 X issue-237 156 26 ) ) PUNCT issue-237 156 27 capital capital NOUN issue-237 156 28 position position NOUN issue-237 156 29 and and CCONJ issue-237 156 30 asset asset NOUN issue-237 156 31 quality quality NOUN issue-237 156 32 ; ; PUNCT issue-237 156 33 3 3 X issue-237 156 34 ) ) PUNCT issue-237 156 35 funding funding NOUN issue-237 156 36 and and CCONJ issue-237 156 37 liquidity liquidity NOUN issue-237 156 38 ; ; PUNCT issue-237 156 39 4 4 X issue-237 156 40 ) ) PUNCT issue-237 156 41 exchange exchange NOUN issue-237 156 42 rate rate NOUN issue-237 156 43 . . PUNCT issue-237 157 1 all all DET issue-237 157 2 these these DET issue-237 157 3 aspects aspect NOUN issue-237 157 4 are be AUX issue-237 157 5 under under ADP issue-237 157 6 consideration consideration NOUN issue-237 157 7 by by ADP issue-237 157 8 the the DET issue-237 157 9 rating rating NOUN issue-237 157 10 agencies agency NOUN issue-237 157 11 and and CCONJ issue-237 157 12 previously previously ADV issue-237 157 13 led lead VERB issue-237 157 14 to to PART issue-237 157 15 steady steady ADJ issue-237 157 16 downgrades downgrade NOUN issue-237 157 17 of of ADP issue-237 157 18 ukrainian ukrainian ADJ issue-237 157 19 banks bank NOUN issue-237 157 20 that that PRON issue-237 157 21 indicated indicate VERB issue-237 157 22 heightened heightened ADJ issue-237 157 23 default default NOUN issue-237 157 24 expectations expectation NOUN issue-237 157 25 . . PUNCT issue-237 158 1 analogously analogously ADV issue-237 158 2 , , PUNCT issue-237 158 3 the the DET issue-237 158 4 agencies agency NOUN issue-237 158 5 mostly mostly ADV issue-237 158 6 saw see VERB issue-237 158 7 a a DET issue-237 158 8 government government NOUN issue-237 158 9 default default NOUN issue-237 158 10 as as ADP issue-237 158 11 very very ADV issue-237 158 12 likely likely ADJ issue-237 158 13 . . PUNCT issue-237 159 1 the the DET issue-237 159 2 ukrainian ukrainian ADJ issue-237 159 3 government government NOUN issue-237 159 4 ’s ’s PART issue-237 159 5 solvency solvency NOUN issue-237 159 6 and and CCONJ issue-237 159 7 its its PRON issue-237 159 8 ability ability NOUN issue-237 159 9 to to PART issue-237 159 10 restructure restructure VERB issue-237 159 11 its its PRON issue-237 159 12 debt debt NOUN issue-237 159 13 , , PUNCT issue-237 159 14 receive receive VERB issue-237 159 15 support support NOUN issue-237 159 16 and and CCONJ issue-237 159 17 debt debt NOUN issue-237 159 18 relief relief NOUN issue-237 159 19 from from ADP issue-237 159 20 its its PRON issue-237 159 21 creditors creditor NOUN issue-237 159 22 , , PUNCT issue-237 159 23 and and CCONJ issue-237 159 24 ability ability NOUN issue-237 159 25 to to PART issue-237 159 26 control control VERB issue-237 159 27 the the DET issue-237 159 28 political political ADJ issue-237 159 29 situation situation NOUN issue-237 159 30 in in ADP issue-237 159 31 the the DET issue-237 159 32 country country NOUN issue-237 159 33 will will AUX issue-237 159 34 be be AUX issue-237 159 35 the the DET issue-237 159 36 key key ADJ issue-237 159 37 factors factor NOUN issue-237 159 38 to to PART issue-237 159 39 stabilize stabilize VERB issue-237 159 40 the the DET issue-237 159 41 system system NOUN issue-237 159 42 . . PUNCT issue-237 160 1 fig fig NOUN issue-237 160 2 . . PUNCT issue-237 161 1 7 7 X issue-237 161 2 . . X issue-237 161 3 fitch fitch VERB issue-237 161 4 ukrainian ukrainian ADJ issue-237 161 5 banks bank NOUN issue-237 161 6 ratings rating NOUN issue-237 161 7 vs. vs. ADP issue-237 161 8 uah uah PROPN issue-237 161 9 / / SYM issue-237 161 10 usd usd NOUN issue-237 161 11 exchange exchange NOUN issue-237 161 12 rate rate NOUN issue-237 161 13 development development NOUN issue-237 161 14 , , PUNCT issue-237 161 15 2008–2017 2008–2017 NUM issue-237 161 16 source source NOUN issue-237 161 17 : : PUNCT issue-237 161 18 the the DET issue-237 161 19 author author NOUN issue-237 161 20 ’s ’s PART issue-237 161 21 own own ADJ issue-237 161 22 research research NOUN issue-237 161 23 based base VERB issue-237 161 24 on on ADP issue-237 161 25 banks bank NOUN issue-237 161 26 ’ ' PUNCT issue-237 161 27 public public ADJ issue-237 161 28 information information NOUN issue-237 161 29 , , PUNCT issue-237 161 30 fitch fitch NOUN issue-237 161 31 ratings rating NOUN issue-237 161 32 ( ( PUNCT issue-237 161 33 2017 2017 NUM issue-237 161 34 , , PUNCT issue-237 161 35 july july PROPN issue-237 161 36 25 25 NUM issue-237 161 37 ) ) PUNCT issue-237 161 38 and and CCONJ issue-237 161 39 national national PROPN issue-237 161 40 bank bank PROPN issue-237 161 41 of of ADP issue-237 161 42 ukraine ukraine PROPN issue-237 161 43 data datum NOUN issue-237 161 44 ( ( PUNCT issue-237 161 45 2017 2017 NUM issue-237 161 46 ) ) PUNCT issue-237 161 47 0 0 NUM issue-237 161 48 5 5 NUM issue-237 161 49 10 10 NUM issue-237 161 50 15 15 NUM issue-237 161 51 20 20 NUM issue-237 161 52 25 25 NUM issue-237 161 53 30 30 NUM issue-237 161 54 35 35 NUM issue-237 161 55 40 40 NUM issue-237 161 56 rating rating NOUN issue-237 161 57 privatbank privatbank NOUN issue-237 161 58 ( ( PUNCT issue-237 161 59 lhs lhs PROPN issue-237 161 60 ) ) PUNCT issue-237 161 61 rating rate VERB issue-237 161 62 oschadbank oschadbank NOUN issue-237 161 63 ( ( PUNCT issue-237 161 64 lhs lhs PROPN issue-237 161 65 ) ) PUNCT issue-237 161 66 rating rate VERB issue-237 161 67 ukreximbank ukreximbank NOUN issue-237 161 68 ( ( PUNCT issue-237 161 69 lhs lhs PROPN issue-237 161 70 ) ) PUNCT issue-237 161 71 uah uah PROPN issue-237 161 72 / / SYM issue-237 161 73 usd usd NOUN issue-237 161 74 exchange exchange NOUN issue-237 161 75 rate rate NOUN issue-237 161 76 ( ( PUNCT issue-237 161 77 rhs rhs PROPN issue-237 161 78 ) ) PUNCT issue-237 161 79 bb bb PROPN issue-237 161 80 bbb+ bbb+ PROPN issue-237 161 81 b b PROPN issue-237 161 82 bccc bccc PROPN issue-237 161 83 cc cc PROPN issue-237 161 84 c c PROPN issue-237 161 85 rd rd PROPN issue-237 162 1 d d PROPN issue-237 162 2 baltic baltic PROPN issue-237 162 3 journal journal PROPN issue-237 162 4 of of ADP issue-237 162 5 economic economic ADJ issue-237 162 6 studies study NOUN issue-237 162 7 222 222 NUM issue-237 162 8 vol vol NOUN issue-237 162 9 . . PUNCT issue-237 163 1 3 3 NUM issue-237 163 2 , , PUNCT issue-237 163 3 no no INTJ issue-237 163 4 . . NOUN issue-237 163 5 4 4 NUM issue-237 163 6 , , PUNCT issue-237 163 7 2017 2017 NUM issue-237 163 8 currently currently ADV issue-237 163 9 , , PUNCT issue-237 163 10 ukraine ukraine PROPN issue-237 163 11 is be AUX issue-237 163 12 on on ADP issue-237 163 13 a a DET issue-237 163 14 road road NOUN issue-237 163 15 to to ADP issue-237 163 16 a a DET issue-237 163 17 successful successful ADJ issue-237 163 18 restructuring restructuring NOUN issue-237 163 19 ahead ahead ADV issue-237 163 20 , , PUNCT issue-237 163 21 which which PRON issue-237 163 22 also also ADV issue-237 163 23 showed show VERB issue-237 163 24 in in ADP issue-237 163 25 improving improve VERB issue-237 163 26 credit credit NOUN issue-237 163 27 ratings rating NOUN issue-237 163 28 for for ADP issue-237 163 29 banks bank NOUN issue-237 163 30 . . PUNCT issue-237 164 1 until until SCONJ issue-237 164 2 this this DET issue-237 164 3 journey journey NOUN issue-237 164 4 is be AUX issue-237 164 5 completed complete VERB issue-237 164 6 , , PUNCT issue-237 164 7 the the DET issue-237 164 8 faith faith NOUN issue-237 164 9 of of ADP issue-237 164 10 the the DET issue-237 164 11 ukrainian ukrainian ADJ issue-237 164 12 banking banking NOUN issue-237 164 13 system system NOUN issue-237 164 14 is be AUX issue-237 164 15 intrinsically intrinsically ADV issue-237 164 16 linked link VERB issue-237 164 17 to to ADP issue-237 164 18 the the DET issue-237 164 19 country country NOUN issue-237 164 20 ’s ’s PART issue-237 164 21 economic economic ADJ issue-237 164 22 and and CCONJ issue-237 164 23 political political ADJ issue-237 164 24 progress progress NOUN issue-237 164 25 , , PUNCT issue-237 164 26 as as ADV issue-237 164 27 well well ADV issue-237 164 28 as as ADP issue-237 164 29 creditors creditor NOUN issue-237 164 30 ’ ' PUNCT issue-237 164 31 confidence confidence NOUN issue-237 164 32 . . PUNCT issue-237 165 1 references reference NOUN issue-237 165 2 : : PUNCT issue-237 165 3 bloomberg bloomberg PROPN issue-237 165 4 . . PUNCT issue-237 166 1 ( ( PUNCT issue-237 166 2 2017 2017 NUM issue-237 166 3 ) ) PUNCT issue-237 166 4 . . PUNCT issue-237 167 1 data datum NOUN issue-237 167 2 : : PUNCT issue-237 167 3 1 1 NUM issue-237 167 4 ) ) PUNCT issue-237 167 5 . . PUNCT issue-237 168 1 2 2 NUM issue-237 168 2 - - PUNCT issue-237 168 3 year year NOUN issue-237 168 4 and and CCONJ issue-237 168 5 5 5 NUM issue-237 168 6 - - PUNCT issue-237 168 7 year year NOUN issue-237 168 8 usd usd NOUN issue-237 168 9 ukrainian ukrainian ADJ issue-237 168 10 governmental governmental ADJ issue-237 168 11 bond bond NOUN issue-237 168 12 yield yield NOUN issue-237 168 13 , , PUNCT issue-237 168 14 2 2 NUM issue-237 168 15 - - PUNCT issue-237 168 16 year year NOUN issue-237 168 17 and and CCONJ issue-237 168 18 5 5 NUM issue-237 168 19 - - PUNCT issue-237 168 20 year year NOUN issue-237 168 21 usd usd NOUN issue-237 168 22 cds cd NOUN issue-237 168 23 from from ADP issue-237 168 24 november november PROPN issue-237 168 25 2011 2011 NUM issue-237 168 26 to to ADP issue-237 168 27 october october PROPN issue-237 168 28 2017 2017 NUM issue-237 168 29 ; ; PUNCT issue-237 168 30 2 2 NUM issue-237 168 31 ) ) PUNCT issue-237 168 32 . . PUNCT issue-237 169 1 ukraine ukraine PROPN issue-237 169 2 's 's PART issue-237 169 3 gdp gdp NOUN issue-237 169 4 development development NOUN issue-237 169 5 from from ADP issue-237 169 6 march march PROPN issue-237 169 7 2008 2008 NUM issue-237 169 8 to to ADP issue-237 169 9 october october PROPN issue-237 169 10 2017 2017 NUM issue-237 169 11 . . PUNCT issue-237 169 12 retrieved retrieve VERB issue-237 169 13 october october PROPN issue-237 169 14 24 24 NUM issue-237 169 15 , , PUNCT issue-237 169 16 2017 2017 NUM issue-237 169 17 from from ADP issue-237 169 18 bloomberg bloomberg PROPN issue-237 169 19 terminal terminal NOUN issue-237 169 20 . . PUNCT issue-237 170 1 fitch fitch PROPN issue-237 170 2 ratings rating NOUN issue-237 170 3 . . PUNCT issue-237 171 1 ( ( PUNCT issue-237 171 2 2017 2017 NUM issue-237 171 3 , , PUNCT issue-237 171 4 july july PROPN issue-237 171 5 25 25 NUM issue-237 171 6 ) ) PUNCT issue-237 171 7 . . PUNCT issue-237 172 1 fitch fitch PROPN issue-237 172 2 affirms affirm VERB issue-237 172 3 ukreximbank ukreximbank ADJ issue-237 172 4 and and CCONJ issue-237 172 5 oschadbank oschadbank NOUN issue-237 172 6 at at ADP issue-237 172 7 ' ' PUNCT issue-237 172 8 b-'/stable b-'/stable NUM issue-237 172 9 ; ; PUNCT issue-237 172 10 upgrades upgrades PROPN issue-237 172 11 vrs vrs PROPN issue-237 172 12 . . PUNCT issue-237 173 1 doddfrank doddfrank PROPN issue-237 173 2 rating rating NOUN issue-237 173 3 information information NOUN issue-237 173 4 disclosure disclosure NOUN issue-237 173 5 form form NOUN issue-237 173 6 . . PUNCT issue-237 174 1 retrieved retrieve VERB issue-237 174 2 october october PROPN issue-237 174 3 24 24 NUM issue-237 174 4 , , PUNCT issue-237 174 5 2017 2017 NUM issue-237 174 6 from from ADP issue-237 174 7 : : PUNCT issue-237 174 8 https://www.fitchratings.com/ https://www.fitchratings.com/ ADJ issue-237 174 9 site site PROPN issue-237 174 10 / / SYM issue-237 174 11 dodd dodd PROPN issue-237 174 12 - - PUNCT issue-237 174 13 frank frank ADJ issue-237 174 14 - - PUNCT issue-237 174 15 disclosure/1026966 disclosure/1026966 NOUN issue-237 174 16 fitch fitch NOUN issue-237 174 17 ratings rating NOUN issue-237 174 18 . . PUNCT issue-237 175 1 ( ( PUNCT issue-237 175 2 2014 2014 NUM issue-237 175 3 , , PUNCT issue-237 175 4 april april PROPN issue-237 175 5 ) ) PUNCT issue-237 175 6 . . PUNCT issue-237 176 1 introducing introduce VERB issue-237 176 2 ratings rating NOUN issue-237 176 3 navigator navigator NOUN issue-237 176 4 for for ADP issue-237 176 5 banks bank NOUN issue-237 176 6 . . PUNCT issue-237 177 1 fitch fitch VERB issue-237 177 2 ratings rating NOUN issue-237 177 3 navigators navigator NOUN issue-237 177 4 . . PUNCT issue-237 178 1 retrieved retrieve VERB issue-237 178 2 october october PROPN issue-237 178 3 24 24 NUM issue-237 178 4 , , PUNCT issue-237 178 5 2017 2017 NUM issue-237 178 6 from from ADP issue-237 178 7 : : PUNCT issue-237 178 8 http://image.fitchemail.fitchratings.com/lib/fe9812717765027d72/m/1/ http://image.fitchemail.fitchratings.com/lib/fe9812717765027d72/m/1/ PROPN issue-237 178 9 navigatorpromotionalmaterial20.pdf navigatorpromotionalmaterial20.pdf PROPN issue-237 178 10 imf imf PROPN issue-237 178 11 . . PUNCT issue-237 179 1 ( ( PUNCT issue-237 179 2 2015 2015 NUM issue-237 179 3 , , PUNCT issue-237 179 4 august august PROPN issue-237 179 5 4 4 NUM issue-237 179 6 ) ) PUNCT issue-237 179 7 . . PUNCT issue-237 180 1 first first ADJ issue-237 180 2 review review NOUN issue-237 180 3 under under ADP issue-237 180 4 the the DET issue-237 180 5 extended extend VERB issue-237 180 6 arrangement arrangement NOUN issue-237 180 7 — — PUNCT issue-237 180 8 press press NOUN issue-237 180 9 release release NOUN issue-237 180 10 ; ; PUNCT issue-237 180 11 staff staff NOUN issue-237 180 12 report report NOUN issue-237 180 13 ; ; PUNCT issue-237 180 14 and and CCONJ issue-237 180 15 statement statement NOUN issue-237 180 16 by by ADP issue-237 180 17 the the DET issue-237 180 18 executive executive ADJ issue-237 180 19 director director NOUN issue-237 180 20 for for ADP issue-237 180 21 ukraine ukraine NOUN issue-237 180 22 . . PUNCT issue-237 181 1 imf imf PROPN issue-237 181 2 country country PROPN issue-237 181 3 report report VERB issue-237 181 4 no no INTJ issue-237 181 5 . . PUNCT issue-237 182 1 15/218 15/218 NUM issue-237 182 2 . . PUNCT issue-237 182 3 retrieved retrieve VERB issue-237 182 4 october october PROPN issue-237 182 5 24 24 NUM issue-237 182 6 , , PUNCT issue-237 182 7 2017 2017 NUM issue-237 182 8 from from ADP issue-237 182 9 : : PUNCT issue-237 182 10 https://www.imf.org/external/pubs/ft/scr/2015/cr15218.pdf https://www.imf.org/external/pubs/ft/scr/2015/cr15218.pdf PROPN issue-237 182 11 imf imf PROPN issue-237 182 12 . . PUNCT issue-237 183 1 ( ( PUNCT issue-237 183 2 2015 2015 NUM issue-237 183 3 , , PUNCT issue-237 183 4 july july PROPN issue-237 183 5 31 31 NUM issue-237 183 6 ) ) PUNCT issue-237 183 7 . . PUNCT issue-237 184 1 imf imf PROPN issue-237 184 2 executive executive PROPN issue-237 184 3 board board PROPN issue-237 184 4 completes complete VERB issue-237 184 5 first first ADJ issue-237 184 6 review review NOUN issue-237 184 7 of of ADP issue-237 184 8 ukraine ukraine PROPN issue-237 184 9 's 's PART issue-237 184 10 eff eff PROPN issue-237 184 11 and and CCONJ issue-237 184 12 approves approve VERB issue-237 184 13 us$1.7 us$1.7 PROPN issue-237 184 14 billion billion NUM issue-237 184 15 disbursement disbursement NOUN issue-237 184 16 . . PUNCT issue-237 185 1 imf imf PROPN issue-237 185 2 press press PROPN issue-237 185 3 release release NOUN issue-237 185 4 no no INTJ issue-237 185 5 . . NOUN issue-237 185 6 15/364 15/364 NUM issue-237 185 7 . . PUNCT issue-237 185 8 retrieved retrieve VERB issue-237 185 9 september september PROPN issue-237 185 10 18 18 NUM issue-237 185 11 , , PUNCT issue-237 185 12 2015 2015 NUM issue-237 185 13 from from ADP issue-237 185 14 : : PUNCT issue-237 185 15 http://www.imf.org/external/ http://www.imf.org/external/ PROPN issue-237 185 16 np np PROPN issue-237 185 17 / / SYM issue-237 185 18 sec sec PROPN issue-237 185 19 / / SYM issue-237 185 20 pr/2015 pr/2015 NOUN issue-237 185 21 / / SYM issue-237 185 22 pr15364.htm pr15364.htm NOUN issue-237 185 23 interfax interfax NOUN issue-237 185 24 - - PUNCT issue-237 185 25 ukraine ukraine NOUN issue-237 185 26 . . PUNCT issue-237 186 1 ( ( PUNCT issue-237 186 2 2015 2015 NUM issue-237 186 3 , , PUNCT issue-237 186 4 july july PROPN issue-237 186 5 10 10 NUM issue-237 186 6 ) ) PUNCT issue-237 186 7 . . PUNCT issue-237 187 1 s&p s&p PROPN issue-237 187 2 downgrades downgrade VERB issue-237 187 3 privatbank privatbank NOUN issue-237 187 4 to to PART issue-237 187 5 ' ' PUNCT issue-237 187 6 cc cc VERB issue-237 187 7 ' ' PUNCT issue-237 187 8 on on ADP issue-237 187 9 invitation invitation NOUN issue-237 187 10 to to ADP issue-237 187 11 creditors creditor NOUN issue-237 187 12 to to PART issue-237 187 13 extend extend VERB issue-237 187 14 maturity maturity NOUN issue-237 187 15 of of ADP issue-237 187 16 eurobonds eurobond NOUN issue-237 187 17 . . PUNCT issue-237 188 1 retrieved retrieve VERB issue-237 188 2 october october PROPN issue-237 188 3 24 24 NUM issue-237 188 4 , , PUNCT issue-237 188 5 2017 2017 NUM issue-237 188 6 from from ADP issue-237 188 7 : : PUNCT issue-237 188 8 http://en.interfax.com.ua/news/economic/277140.html http://en.interfax.com.ua/news/economic/277140.html PROPN issue-237 188 9 interfax interfax NOUN issue-237 188 10 - - PUNCT issue-237 188 11 ukraine ukraine NOUN issue-237 188 12 . . PUNCT issue-237 189 1 ( ( PUNCT issue-237 189 2 2015 2015 NUM issue-237 189 3 , , PUNCT issue-237 189 4 april april PROPN issue-237 189 5 21 21 NUM issue-237 189 6 ) ) PUNCT issue-237 189 7 . . PUNCT issue-237 190 1 s&p s&p PROPN issue-237 190 2 lowers lower VERB issue-237 190 3 privatbank privatbank NOUN issue-237 190 4 's 's PART issue-237 190 5 long long ADJ issue-237 190 6 - - PUNCT issue-237 190 7 term term NOUN issue-237 190 8 rating rating NOUN issue-237 190 9 to to ADP issue-237 190 10 ' ' PUNCT issue-237 190 11 ccc- ccc- NOUN issue-237 190 12 ' ' PUNCT issue-237 190 13 on on ADP issue-237 190 14 increased increase VERB issue-237 190 15 economic economic ADJ issue-237 190 16 and and CCONJ issue-237 190 17 sovereign sovereign ADJ issue-237 190 18 risks risk NOUN issue-237 190 19 . . PUNCT issue-237 191 1 retrieved retrieve VERB issue-237 191 2 october october PROPN issue-237 191 3 24 24 NUM issue-237 191 4 , , PUNCT issue-237 191 5 2017 2017 NUM issue-237 191 6 from from ADP issue-237 191 7 : : PUNCT issue-237 191 8 http://en.interfax.com.ua/news/economic/261517.html http://en.interfax.com.ua/news/economic/261517.html PROPN issue-237 191 9 moody moody NOUN issue-237 191 10 's 's PART issue-237 191 11 . . PUNCT issue-237 192 1 ( ( PUNCT issue-237 192 2 2014 2014 NUM issue-237 192 3 , , PUNCT issue-237 192 4 december december PROPN issue-237 192 5 19 19 NUM issue-237 192 6 ) ) PUNCT issue-237 192 7 . . PUNCT issue-237 193 1 ratings rating NOUN issue-237 193 2 report report NOUN issue-237 193 3 : : PUNCT issue-237 193 4 ukraine ukraine ADJ issue-237 193 5 , , PUNCT issue-237 193 6 government government NOUN issue-237 193 7 of of ADP issue-237 193 8 . . PUNCT issue-237 194 1 new new PROPN issue-237 194 2 york york PROPN issue-237 194 3 , , PUNCT issue-237 194 4 moody moody PROPN issue-237 194 5 's 's PART issue-237 194 6 . . PUNCT issue-237 195 1 retrieved retrieve VERB issue-237 195 2 october october PROPN issue-237 195 3 24 24 NUM issue-237 195 4 , , PUNCT issue-237 195 5 2017 2017 NUM issue-237 195 6 from from ADP issue-237 195 7 : : PUNCT issue-237 195 8 https://www.moodys.com/credit-ratings/ukraine-government-of-credit-rating-600037040 https://www.moodys.com/credit-ratings/ukraine-government-of-credit-rating-600037040 PROPN issue-237 195 9 moody moody NOUN issue-237 195 10 's 's PART issue-237 195 11 . . PUNCT issue-237 196 1 ( ( PUNCT issue-237 196 2 2015 2015 NUM issue-237 196 3 , , PUNCT issue-237 196 4 july july PROPN issue-237 196 5 10 10 NUM issue-237 196 6 ) ) PUNCT issue-237 196 7 . . PUNCT issue-237 197 1 moody moody PROPN issue-237 197 2 's 's PART issue-237 197 3 : : PUNCT issue-237 197 4 outlook outlook NOUN issue-237 197 5 stays stay VERB issue-237 197 6 negative negative ADJ issue-237 197 7 for for ADP issue-237 197 8 ukraine ukraine NOUN issue-237 197 9 's 's PART issue-237 197 10 banking banking NOUN issue-237 197 11 system system NOUN issue-237 197 12 . . PUNCT issue-237 198 1 moody moody PROPN issue-237 198 2 's 's PART issue-237 198 3 investors investors PROPN issue-237 198 4 services service NOUN issue-237 198 5 . . PUNCT issue-237 198 6 retrieved retrieve VERB issue-237 198 7 september september PROPN issue-237 198 8 18 18 NUM issue-237 198 9 , , PUNCT issue-237 198 10 2015 2015 NUM issue-237 198 11 from from ADP issue-237 198 12 : : PUNCT issue-237 198 13 https://www.moodys.com/research/moodys-outlook-staysnegative-for-ukraines-banking-system--pr_329781 https://www.moodys.com/research/moodys-outlook-staysnegative-for-ukraines-banking-system--pr_329781 PROPN issue-237 198 14 national national PROPN issue-237 198 15 bank bank PROPN issue-237 198 16 of of ADP issue-237 198 17 ukraine ukraine PROPN issue-237 198 18 ( ( PUNCT issue-237 198 19 2017 2017 NUM issue-237 198 20 ) ) PUNCT issue-237 198 21 . . PUNCT issue-237 199 1 statistics statistic NOUN issue-237 199 2 : : PUNCT issue-237 199 3 1 1 NUM issue-237 199 4 ) ) PUNCT issue-237 199 5 . . PUNCT issue-237 200 1 macroeconomic macroeconomic ADJ issue-237 200 2 indicators indicator NOUN issue-237 200 3 ; ; PUNCT issue-237 200 4 2 2 NUM issue-237 200 5 ) ) PUNCT issue-237 200 6 . . PUNCT issue-237 201 1 monetary monetary ADJ issue-237 201 2 and and CCONJ issue-237 201 3 financial financial ADJ issue-237 201 4 statistics statistic NOUN issue-237 201 5 ; ; PUNCT issue-237 201 6 3 3 X issue-237 201 7 ) ) PUNCT issue-237 201 8 . . PUNCT issue-237 202 1 financial financial ADJ issue-237 202 2 soundness soundness NOUN issue-237 202 3 indicators indicator NOUN issue-237 202 4 ; ; PUNCT issue-237 202 5 4 4 NUM issue-237 202 6 ) ) PUNCT issue-237 202 7 . . PUNCT issue-237 203 1 banking banking NOUN issue-237 203 2 system system NOUN issue-237 203 3 indicators indicator NOUN issue-237 203 4 ; ; PUNCT issue-237 203 5 5 5 NUM issue-237 203 6 ) ) PUNCT issue-237 203 7 . . PUNCT issue-237 204 1 data datum NOUN issue-237 204 2 from from ADP issue-237 204 3 the the DET issue-237 204 4 financial financial ADJ issue-237 204 5 statements statement NOUN issue-237 204 6 of of ADP issue-237 204 7 the the DET issue-237 204 8 ukrainian ukrainian ADJ issue-237 204 9 banks bank NOUN issue-237 204 10 ; ; PUNCT issue-237 204 11 6 6 NUM issue-237 204 12 ) ) PUNCT issue-237 204 13 . . PUNCT issue-237 205 1 implementation implementation NOUN issue-237 205 2 of of ADP issue-237 205 3 prudential prudential ADJ issue-237 205 4 ratios ratio NOUN issue-237 205 5 by by ADP issue-237 205 6 the the DET issue-237 205 7 entire entire ADJ issue-237 205 8 ukrainian ukrainian ADJ issue-237 205 9 banking banking NOUN issue-237 205 10 system system NOUN issue-237 205 11 in in ADP issue-237 205 12 2015 2015 NUM issue-237 205 13 ; ; PUNCT issue-237 205 14 7 7 NUM issue-237 205 15 ) ) PUNCT issue-237 205 16 . . PUNCT issue-237 206 1 key key ADJ issue-237 206 2 performance performance NOUN issue-237 206 3 indicators indicator NOUN issue-237 206 4 of of ADP issue-237 206 5 banks bank NOUN issue-237 206 6 ; ; PUNCT issue-237 206 7 information information NOUN issue-237 206 8 materials material NOUN issue-237 206 9 : : PUNCT issue-237 206 10 1 1 NUM issue-237 206 11 ) ) PUNCT issue-237 206 12 . . PUNCT issue-237 207 1 information information NOUN issue-237 207 2 on on ADP issue-237 207 3 loans loan NOUN issue-237 207 4 with with ADP issue-237 207 5 a a DET issue-237 207 6 maturity maturity NOUN issue-237 207 7 of of ADP issue-237 207 8 over over ADP issue-237 207 9 30 30 NUM issue-237 207 10     SPACE issue-237 207 11 days day NOUN issue-237 207 12 granted grant VERB issue-237 207 13 to to ADP issue-237 207 14 the the DET issue-237 207 15 ukrainian ukrainian ADJ issue-237 207 16 banks bank NOUN issue-237 207 17 by by ADP issue-237 207 18 the the DET issue-237 207 19 national national PROPN issue-237 207 20 bank bank PROPN issue-237 207 21 of of ADP issue-237 207 22 ukraine ukraine NOUN issue-237 207 23 in in ADP issue-237 207 24 2015 2015 NUM issue-237 207 25 . . PUNCT issue-237 208 1 retrieved retrieve VERB issue-237 208 2 october october PROPN issue-237 208 3 24 24 NUM issue-237 208 4 , , PUNCT issue-237 208 5 2017 2017 NUM issue-237 208 6 from from ADP issue-237 208 7 : : PUNCT issue-237 208 8 https://bank.gov.ua/control/en/publish/article?art_id=67604&cat_id=37801 https://bank.gov.ua/control/en/publish/article?art_id=67604&cat_id=37801 PROPN issue-237 208 9 national national PROPN issue-237 208 10 bank bank PROPN issue-237 208 11 of of ADP issue-237 208 12 ukraine ukraine PROPN issue-237 208 13 . . PUNCT issue-237 209 1 ( ( PUNCT issue-237 209 2 2015 2015 NUM issue-237 209 3 , , PUNCT issue-237 209 4 june june PROPN issue-237 209 5 ) ) PUNCT issue-237 209 6 . . PUNCT issue-237 210 1 inflation inflation NOUN issue-237 210 2 report report NOUN issue-237 210 3 . . PUNCT issue-237 211 1 retrieved retrieve VERB issue-237 211 2 october october PROPN issue-237 211 3 24 24 NUM issue-237 211 4 , , PUNCT issue-237 211 5 2017 2017 NUM issue-237 211 6 from from ADP issue-237 211 7 : : PUNCT issue-237 211 8 http://www.bank.gov.ua/ http://www.bank.gov.ua/ PROPN issue-237 211 9 doccatalog doccatalog PROPN issue-237 211 10 / / SYM issue-237 211 11 document?id=19007320 document?id=19007320 PROPN issue-237 211 12 national national PROPN issue-237 211 13 bank bank PROPN issue-237 211 14 of of ADP issue-237 211 15 ukraine ukraine PROPN issue-237 211 16 . . PUNCT issue-237 212 1 ( ( PUNCT issue-237 212 2 2014 2014 NUM issue-237 212 3 , , PUNCT issue-237 212 4 october october PROPN issue-237 212 5 10 10 NUM issue-237 212 6 ) ) PUNCT issue-237 212 7 . . PUNCT issue-237 213 1 oleksandr oleksandr PROPN issue-237 213 2 pysaruk pysaruk PROPN issue-237 213 3 : : PUNCT issue-237 213 4 in in ADP issue-237 213 5 one one NUM issue-237 213 6 or or CCONJ issue-237 213 7 two two NUM issue-237 213 8 years year NOUN issue-237 213 9 from from ADP issue-237 213 10 now now ADV issue-237 213 11 , , PUNCT issue-237 213 12 we we PRON issue-237 213 13 must must AUX issue-237 213 14 have have VERB issue-237 213 15 a a DET issue-237 213 16 revamped revamp VERB issue-237 213 17 banking banking NOUN issue-237 213 18 system system NOUN issue-237 213 19 . . PUNCT issue-237 214 1 retrieved retrieve VERB issue-237 214 2 october october PROPN issue-237 214 3 24 24 NUM issue-237 214 4 , , PUNCT issue-237 214 5 2017 2017 NUM issue-237 214 6 from from ADP issue-237 214 7 : : PUNCT issue-237 214 8 http://www.bank.gov.ua/control/en/publish/ http://www.bank.gov.ua/control/en/publish/ PROPN issue-237 214 9 article?art_id=11345111&cat_id=92516 article?art_id=11345111&cat_id=92516 PROPN issue-237 214 10 s&p s&p PROPN issue-237 214 11 ratings rating NOUN issue-237 214 12 services service NOUN issue-237 214 13 . . PUNCT issue-237 215 1 ( ( PUNCT issue-237 215 2 2015 2015 NUM issue-237 215 3 , , PUNCT issue-237 215 4 august august PROPN issue-237 215 5 28 28 NUM issue-237 215 6 ) ) PUNCT issue-237 215 7 . . PUNCT issue-237 216 1 research research NOUN issue-237 216 2 update update NOUN issue-237 216 3 : : PUNCT issue-237 216 4 ukraine ukraine ADJ issue-237 216 5 long long ADJ issue-237 216 6 - - PUNCT issue-237 216 7 term term NOUN issue-237 216 8 foreign foreign ADJ issue-237 216 9 currency currency NOUN issue-237 216 10 rating rating NOUN issue-237 216 11 affirmed affirm VERB issue-237 216 12 at at ADP issue-237 216 13 ' ' PUNCT issue-237 216 14 cc cc NOUN issue-237 216 15 ' ' PUNCT issue-237 216 16 ; ; PUNCT issue-237 216 17 outlook outlook NOUN issue-237 216 18 remains remain VERB issue-237 216 19 negative negative ADJ issue-237 216 20 . . PUNCT issue-237 217 1 new new PROPN issue-237 217 2 york york PROPN issue-237 217 3 , , PUNCT issue-237 217 4 ny ny PROPN issue-237 217 5 : : PUNCT issue-237 217 6 standard standard PROPN issue-237 217 7 & & CCONJ issue-237 217 8 poor poor PROPN issue-237 217 9 's 's PART issue-237 217 10 ratings rating NOUN issue-237 217 11 services service NOUN issue-237 217 12 . . PUNCT issue-237 218 1 retrieved retrieve VERB issue-237 218 2 october october PROPN issue-237 218 3 24 24 NUM issue-237 218 4 , , PUNCT issue-237 218 5 2017 2017 NUM issue-237 218 6 from from ADP issue-237 218 7 : : PUNCT issue-237 218 8 http://www.standardandpoors.com/en_us/web/guest/article/-/view/sourceid/20013397 http://www.standardandpoors.com/en_us/web/guest/article/-/view/sourceid/20013397 PUNCT issue-237 218 9 usb usb NOUN issue-237 218 10 research research NOUN issue-237 218 11 . . PUNCT issue-237 219 1 ( ( PUNCT issue-237 219 2 2015 2015 NUM issue-237 219 3 , , PUNCT issue-237 219 4 august august PROPN issue-237 219 5 17 17 NUM issue-237 219 6 ) ) PUNCT issue-237 219 7 . . PUNCT issue-237 220 1 ukrainian ukrainian ADJ issue-237 220 2 capital capital NOUN issue-237 220 3 markets market NOUN issue-237 220 4 weekly weekly ADV issue-237 220 5 . . PUNCT issue-237 221 1 kiev kiev PROPN issue-237 221 2 : : PUNCT issue-237 221 3 bnp bnp PROPN issue-237 221 4 paribas paribas PROPN issue-237 221 5 group group PROPN issue-237 221 6 , , PUNCT issue-237 221 7 pp.3 pp.3 PROPN issue-237 221 8 - - PUNCT issue-237 221 9 6 6 NUM issue-237 221 10 . . PUNCT issue-237 222 1 светлана светлана PROPN issue-237 222 2 покрасьон покрасьон PROPN issue-237 222 3 здоровая здоровая PROPN issue-237 222 4 доза доза PROPN issue-237 222 5 пессимизма пессимизма PROPN issue-237 222 6 ? ? PUNCT issue-237 223 1 влияние влияние ADJ issue-237 223 2 украинской украинской NOUN issue-237 223 3 экономики экономики VERB issue-237 223 4 на на PROPN issue-237 223 5 кредитные кредитные ADJ issue-237 223 6 рейтинги рейтинги NOUN issue-237 223 7 банковского банковского NOUN issue-237 223 8 сектора сектора ADJ issue-237 223 9 аннотация аннотация NOUN issue-237 223 10 . . PUNCT issue-237 224 1 целью целью PROPN issue-237 224 2 исследования исследования PROPN issue-237 224 3 является является ADJ issue-237 224 4 определение определение NOUN issue-237 224 5 влияния влияния VERB issue-237 224 6 экономического экономического ADJ issue-237 224 7 развития развития PROPN issue-237 224 8 страны страны PROPN issue-237 224 9 на на PROPN issue-237 224 10 кредитный кредитный NOUN issue-237 224 11 рейтинг рейтинг NOUN issue-237 224 12 её её ADP issue-237 224 13 банковской банковской VERB issue-237 224 14 системы системы PROPN issue-237 224 15 . . PUNCT issue-237 225 1 нестабильность нестабильность PROPN issue-237 225 2 и и PROPN issue-237 225 3 неоднозначное неоднозначное PROPN issue-237 225 4 геополитическое геополитическое ADJ issue-237 225 5 положение положение ADJ issue-237 225 6 украины украины PROPN issue-237 225 7 усложняют усложняют PROPN issue-237 225 8 любые любые PROPN issue-237 225 9 прогнозы прогнозы PROPN issue-237 225 10 касательно касательно PROPN issue-237 225 11 её её ADP issue-237 225 12 экономического экономического ADJ issue-237 225 13 развития развития NOUN issue-237 225 14 . . PUNCT issue-237 226 1 в в PROPN issue-237 226 2 то то ADP issue-237 226 3 же же NOUN issue-237 226 4 время время NOUN issue-237 226 5 , , PUNCT issue-237 226 6 масштабная масштабная ADJ issue-237 226 7 реструктуризация реструктуризация PROPN issue-237 226 8 всех всех PROPN issue-237 226 9 секторов секторов ADJ issue-237 226 10 экономики экономики NUM issue-237 226 11 стала стала ADJ issue-237 226 12 необходимым необходимым PROPN issue-237 226 13 минимумом минимумом X issue-237 226 14 для для PROPN issue-237 226 15 реформирования реформирования PROPN issue-237 226 16 страны страны PROPN issue-237 226 17 и и PROPN issue-237 226 18 достижения достижения ADJ issue-237 226 19 международных международных VERB issue-237 226 20 стандартов стандартов NOUN issue-237 226 21 . . PUNCT issue-237 227 1 интересно интересно ADJ issue-237 227 2 посмотреть посмотреть NOUN issue-237 227 3 , , PUNCT issue-237 227 4 как как X issue-237 227 5 именно именно PROPN issue-237 227 6 эти эти PROPN issue-237 227 7 международные международные PROPN issue-237 227 8 стандарты стандарты NOUN issue-237 227 9 , , PUNCT issue-237 227 10 представленные представленные NOUN issue-237 227 11 оценкой оценкой PROPN issue-237 227 12 рейтинговых рейтинговых VERB issue-237 227 13 агентств агентств NOUN issue-237 227 14 , , PUNCT issue-237 227 15 оценивают оценивают PROPN issue-237 227 16 украину украину PROPN issue-237 227 17 и и PROPN issue-237 227 18 , , PUNCT issue-237 227 19 в в PROPN issue-237 227 20 частности частности PROPN issue-237 227 21 , , PUNCT issue-237 227 22 ее ее PRON issue-237 227 23 банковский банковский NUM issue-237 227 24 сектор сектор PROPN issue-237 227 25 . . PUNCT issue-237 227 26 методология методология NOUN issue-237 227 27 включает включает PROPN issue-237 227 28 в в PROPN issue-237 227 29 себя себя PROPN issue-237 227 30 анализ анализ PROPN issue-237 227 31 трех трех VERB issue-237 227 32 основных основных PROPN issue-237 227 33 украинских украинских PROPN issue-237 227 34 банков банков PROPN issue-237 227 35     SPACE issue-237 227 36 – – PUNCT issue-237 227 37 приватбанка приватбанка PROPN issue-237 227 38 , , PUNCT issue-237 227 39 ощадбанка ощадбанка PROPN issue-237 227 40 и и PROPN issue-237 227 41 укрэксимбанка укрэксимбанка PROPN issue-237 227 42 с с PROPN issue-237 227 43 использованием использованием PROPN issue-237 227 44 системы системы PROPN issue-237 227 45 оценки оценки ADP issue-237 227 46 качества качества PROPN issue-237 227 47 кредитов кредитов PROPN issue-237 227 48 fitch fitch PROPN issue-237 227 49 . . PUNCT issue-237 228 1 сравнительный сравнительный PROPN issue-237 228 2 анализ анализ PROPN issue-237 228 3 проводился проводился PROPN issue-237 228 4 с с PROPN issue-237 228 5 использованием использованием PROPN issue-237 228 6 коэффициента коэффициента PROPN issue-237 228 7 капитала капитала VERB issue-237 228 8 1 1 NUM issue-237 228 9 уровня уровня NOUN issue-237 228 10 украинских украинских PROPN issue-237 228 11 банков банков PROPN issue-237 228 12 , , PUNCT issue-237 228 13 квартального квартального X issue-237 228 14 роста роста NOUN issue-237 228 15 ввп ввп NOUN issue-237 228 16 , , PUNCT issue-237 228 17 индекса индекса NOUN issue-237 228 18 изменения изменения ADJ issue-237 228 19 потребительских потребительских ADP issue-237 228 20 цен цен NOUN issue-237 228 21 ( ( PUNCT issue-237 228 22 ипц ипц NOUN issue-237 228 23 ) ) PUNCT issue-237 228 24 , , PUNCT issue-237 228 25 обменного обменного NOUN issue-237 228 26 курса курса ADJ issue-237 228 27 uah uah PROPN issue-237 228 28 / / SYM issue-237 228 29 usd usd NOUN issue-237 228 30 , , PUNCT issue-237 228 31 показателя показателя ADJ issue-237 228 32 соотношения соотношения PROPN issue-237 228 33 baltic baltic PROPN issue-237 228 34 journal journal PROPN issue-237 228 35 of of ADP issue-237 228 36 economic economic ADJ issue-237 228 37 studies study NOUN issue-237 228 38 223 223 NUM issue-237 228 39 vol vol NOUN issue-237 228 40 . . PUNCT issue-237 229 1 3 3 NUM issue-237 229 2 , , PUNCT issue-237 229 3 no no INTJ issue-237 229 4 . . NOUN issue-237 229 5 4 4 NUM issue-237 229 6 , , PUNCT issue-237 229 7 2017 2017 NUM issue-237 229 8 кредитов кредитов VERB issue-237 229 9 и и PROPN issue-237 229 10 депозитов депозитов NOUN issue-237 229 11 украинских украинских NOUN issue-237 229 12 банков банков PROPN issue-237 229 13 , , PUNCT issue-237 229 14 2 2 NUM issue-237 229 15 - - PUNCT issue-237 229 16 летних летних NOUN issue-237 229 17 и и PROPN issue-237 229 18 5 5 NUM issue-237 229 19 - - PUNCT issue-237 229 20 летних летних NOUN issue-237 229 21 доходных доходных PROPN issue-237 229 22 государственных государственных PROPN issue-237 229 23 облигаций облигаций PROPN issue-237 229 24 , , PUNCT issue-237 229 25 2 2 NUM issue-237 229 26 - - PUNCT issue-237 229 27 летних летних NOUN issue-237 229 28 и и PROPN issue-237 229 29 5 5 NUM issue-237 229 30 - - PUNCT issue-237 229 31 летних летних NOUN issue-237 229 32 кредитных кредитных PROPN issue-237 229 33 дефолтных дефолтных PROPN issue-237 229 34 свопов свопов PROPN issue-237 229 35 . . PUNCT issue-237 230 1 результаты результаты PROPN issue-237 230 2 показывают показывают ADV issue-237 230 3 , , PUNCT issue-237 230 4 что что NOUN issue-237 230 5 основными основными ADJ issue-237 230 6 драйверами драйверами PROPN issue-237 230 7 кредитного кредитного PROPN issue-237 230 8 рейтинга рейтинга PROPN issue-237 230 9 для для PROPN issue-237 230 10 украинских украинских PROPN issue-237 230 11 банков банков PROPN issue-237 230 12 , , PUNCT issue-237 230 13 которые которые VERB issue-237 230 14 оказывают оказывают ADJ issue-237 230 15 основное основное ADJ issue-237 230 16 влияние влияние PROPN issue-237 230 17 , , PUNCT issue-237 230 18 являются являются ADJ issue-237 230 19 : : PUNCT issue-237 230 20 обменный обменный NOUN issue-237 230 21 курс курс VERB issue-237 230 22 ; ; PUNCT issue-237 230 23 финансирование финансирование PROPN issue-237 230 24 и и PROPN issue-237 230 25 ликвидность ликвидность PROPN issue-237 230 26 ; ; PUNCT issue-237 230 27 капитализация капитализация PROPN issue-237 230 28 и и PROPN issue-237 230 29 качество качество PROPN issue-237 230 30 активов активов ADV issue-237 230 31 ; ; PUNCT issue-237 230 32 суверенный суверенный NOUN issue-237 230 33 риск риск NOUN issue-237 230 34 . . PUNCT issue-237 231 1 исследование исследование PROPN issue-237 231 2 показало показало NOUN issue-237 231 3 , , PUNCT issue-237 231 4 что что NOUN issue-237 231 5 доходность доходность ADJ issue-237 231 6 2 2 NUM issue-237 231 7 - - PUNCT issue-237 231 8 летних летних NOUN issue-237 231 9 и и PROPN issue-237 231 10 5 5 NUM issue-237 231 11 - - PUNCT issue-237 231 12 летних летних NOUN issue-237 231 13 государственных государственных PROPN issue-237 231 14 облигаций облигаций PROPN issue-237 231 15 в в PROPN issue-237 231 16 долларах долларах PROPN issue-237 231 17 сша сша PROPN issue-237 231 18 , , PUNCT issue-237 231 19 2 2 NUM issue-237 231 20 - - PUNCT issue-237 231 21 летних летних NOUN issue-237 231 22 и и PROPN issue-237 231 23 5 5 NUM issue-237 231 24 - - PUNCT issue-237 231 25 летних летних NOUN issue-237 231 26 кредитных кредитных PROPN issue-237 231 27 дефолтных дефолтных PROPN issue-237 231 28 свопов свопов PROPN issue-237 231 29 имела имела PROPN issue-237 231 30 схожую схожую NOUN issue-237 231 31 тенденцию тенденцию NOUN issue-237 231 32 развития развития NOUN issue-237 231 33 . . PUNCT issue-237 232 1 доходность доходность ADJ issue-237 232 2 краткосрочных краткосрочных PROPN issue-237 232 3 украинских украинских PROPN issue-237 232 4 государственных государственных PROPN issue-237 232 5 облигаций облигаций PROPN issue-237 232 6 увеличилась увеличилась PROPN issue-237 232 7 параллельно параллельно PROPN issue-237 232 8 с с PROPN issue-237 232 9 соответствующими соответствующими PROPN issue-237 232 10 кредитными кредитными PROPN issue-237 232 11 дефолтными дефолтными PROPN issue-237 232 12 свопами свопами PROPN issue-237 232 13 , , PUNCT issue-237 232 14 что что NOUN issue-237 232 15 свидетельствует свидетельствует NOUN issue-237 232 16 о о PROPN issue-237 232 17 рыночной рыночной NOUN issue-237 232 18 оценке оценке NOUN issue-237 232 19 напряженного напряженного NOUN issue-237 232 20 состояния состояния ADV issue-237 232 21 правительства правительства PROPN issue-237 232 22 и и PROPN issue-237 232 23 экономики экономики ADJ issue-237 232 24 страны страны NOUN issue-237 232 25 . . PUNCT issue-237 233 1 кроме кроме PROPN issue-237 233 2 того того PROPN issue-237 233 3 , , PUNCT issue-237 233 4 традиционные традиционные ADJ issue-237 233 5 структуры структуры ADJ issue-237 233 6 доходности доходности PROPN issue-237 233 7 отображали отображали PROPN issue-237 233 8 обратную обратную PROPN issue-237 233 9 природу природу PROPN issue-237 233 10 с с PROPN issue-237 233 11 доходностью доходностью PROPN issue-237 233 12 2 2 NUM issue-237 233 13 - - PUNCT issue-237 233 14 летних летних NOUN issue-237 233 15 правительственных правительственных PROPN issue-237 233 16 облигаций облигаций VERB issue-237 234 1 в в PROPN issue-237 234 2 долларах долларах PROPN issue-237 234 3 сша сша PROPN issue-237 235 1 с с PROPN issue-237 235 2 значительно значительно PROPN issue-237 235 3 более более NOUN issue-237 235 4 высокой высокой PROPN issue-237 235 5 доходностью доходностью PROPN issue-237 235 6 , , PUNCT issue-237 235 7 чем чем VERB issue-237 235 8 доходность доходность ADJ issue-237 235 9 5 5 NUM issue-237 235 10 - - PUNCT issue-237 235 11 летних летних NOUN issue-237 235 12 государственных государственных PROPN issue-237 235 13 облигаций облигаций PROPN issue-237 235 14 в в PROPN issue-237 235 15 долларах долларах PROPN issue-237 235 16 сша сша PROPN issue-237 235 17 . . PUNCT issue-237 236 1 хотя хотя PROPN issue-237 236 2 более более NOUN issue-237 236 3 долгие долгие PROPN issue-237 236 4 инструменты инструменты VERB issue-237 236 5 погашения погашения NOUN issue-237 236 6 обычно обычно NOUN issue-237 236 7 должны должны PROPN issue-237 236 8 торговаться торговаться NOUN issue-237 236 9 по по PROPN issue-237 236 10 более более NOUN issue-237 236 11 высоким высоким NOUN issue-237 236 12 ставкам ставкам PROPN issue-237 236 13 , , PUNCT issue-237 236 14 такое такое NOUN issue-237 236 15 развитие развитие PROPN issue-237 236 16 могло могло PROPN issue-237 236 17 бы бы NUM issue-237 236 18 отразить отразить NOUN issue-237 236 19 скептицизм скептицизм VERB issue-237 236 20 на на PROPN issue-237 236 21 публичных публичных PROPN issue-237 236 22 рынках рынках PROPN issue-237 236 23 в в PROPN issue-237 236 24 отношении отношении PROPN issue-237 236 25 краткосрочной краткосрочной PROPN issue-237 236 26 платежеспособности платежеспособности PROPN issue-237 236 27 украинского украинского PROPN issue-237 236 28 правительства правительства PROPN issue-237 236 29 . . PUNCT issue-237 237 1 более более NOUN issue-237 237 2 пристальный пристальный PROPN issue-237 237 3 взгляд взгляд PROPN issue-237 237 4 на на PROPN issue-237 237 5 коэффициент коэффициент NOUN issue-237 237 6 капитала капитала VERB issue-237 237 7 1 1 NUM issue-237 237 8 - - PUNCT issue-237 237 9 го го NOUN issue-237 237 10 уровня уровня NOUN issue-237 237 11 , , PUNCT issue-237 237 12 который который ADJ issue-237 237 13 считается считается NOUN issue-237 237 14 ключевым ключевым NOUN issue-237 237 15 показателем показателем ADV issue-237 237 16 финансового финансового X issue-237 237 17 состояния состояния ADV issue-237 237 18 банков банков PROPN issue-237 237 19 , , PUNCT issue-237 237 20 выявил выявил VERB issue-237 237 21 аналогию аналогию NOUN issue-237 237 22 развития развития PROPN issue-237 237 23 между между PROPN issue-237 237 24 ним ним PROPN issue-237 237 25 и и PROPN issue-237 237 26 рейтингами рейтингами NOUN issue-237 237 27 трёх трёх PROPN issue-237 237 28 крупных крупных PROPN issue-237 237 29 украинских украинских PROPN issue-237 237 30 банков банков PROPN issue-237 237 31 , , PUNCT issue-237 237 32 указав указав NOUN issue-237 237 33 на на PROPN issue-237 237 34 то то PROPN issue-237 237 35 , , PUNCT issue-237 237 36 что что NOUN issue-237 237 37 коэффициент коэффициент NOUN issue-237 237 38 капитала капитала VERB issue-237 237 39 1 1 NUM issue-237 237 40 - - PUNCT issue-237 237 41 го го NOUN issue-237 237 42 уровня уровня PROPN issue-237 237 43 есть есть PROPN issue-237 237 44 сильным сильным ADJ issue-237 237 45 влияющим влияющим NOUN issue-237 237 46 фактором фактором ADJ issue-237 237 47 . . PUNCT issue-237 238 1 соотношение соотношение PROPN issue-237 238 2 кредитов кредитов VERB issue-237 238 3 и и PROPN issue-237 238 4 депозитов депозитов NOUN issue-237 238 5 в в PROPN issue-237 238 6 качестве качестве PROPN issue-237 238 7 индикатора индикатора PROPN issue-237 239 1 ликвидности ликвидности PROPN issue-237 239 2 банка банка PROPN issue-237 239 3 перемещалось перемещалось NOUN issue-237 239 4 параллельно параллельно PROPN issue-237 239 5 с с PROPN issue-237 239 6 понижением понижением PROPN issue-237 239 7 кредитных кредитных PROPN issue-237 239 8 рейтингов рейтингов NOUN issue-237 239 9 . . PUNCT issue-237 240 1 сильное сильное PROPN issue-237 240 2 снижение снижение PROPN issue-237 240 3 обменного обменного NOUN issue-237 240 4 курса курса ADJ issue-237 240 5 гривны гривны NOUN issue-237 240 6 / / SYM issue-237 240 7 доллара доллара PROPN issue-237 240 8 отразилось отразилось PROPN issue-237 240 9 на на PROPN issue-237 240 10 сильном сильном PROPN issue-237 240 11 увеличении увеличении PROPN issue-237 240 12 инфляции инфляции PROPN issue-237 240 13 . . PUNCT issue-237 241 1 общее общее PROPN issue-237 241 2 ухудшение ухудшение PROPN issue-237 241 3 состояния состояния ADV issue-237 241 4 украинской украинской NOUN issue-237 241 5 экономики экономики VERB issue-237 241 6 также также NOUN issue-237 241 7 отразилось отразилось PROPN issue-237 241 8 на на PROPN issue-237 241 9 рейтингах рейтингах PROPN issue-237 241 10 крупных крупных PROPN issue-237 241 11 банков банков PROPN issue-237 241 12 . . PUNCT issue-237 242 1 практическое практическое PROPN issue-237 242 2 значение значение PROPN issue-237 242 3 . . PUNCT issue-237 243 1 соотношение соотношение PROPN issue-237 243 2 этих этих NOUN issue-237 243 3 факторов факторов PROPN issue-237 243 4 актуально актуально PROPN issue-237 243 5 для для PROPN issue-237 243 6 менеджеров менеджеров PROPN issue-237 243 7 банков банков PROPN issue-237 243 8 и и PROPN issue-237 243 9 инвесторов инвесторов PROPN issue-237 243 10 , , PUNCT issue-237 243 11 которые которые ADP issue-237 243 12 могут могут NOUN issue-237 243 13 использовать использовать VERB issue-237 243 14 индикаторы индикаторы NOUN issue-237 243 15 финансового финансового NOUN issue-237 243 16 рынка рынка PROPN issue-237 243 17 для для PROPN issue-237 243 18 прогнозирования прогнозирования PROPN issue-237 243 19 и и PROPN issue-237 243 20 планирования планирования VERB issue-237 243 21 своих своих NOUN issue-237 243 22 возможностей возможностей PROPN issue-237 243 23 для для PROPN issue-237 243 24 ведения ведения PROPN issue-237 243 25 бизнеса бизнеса PROPN issue-237 243 26 . . PUNCT issue-237 244 1 аналогичным аналогичным ADJ issue-237 244 2 образом образом NOUN issue-237 244 3 , , PUNCT issue-237 244 4 академические академические PROPN issue-237 244 5 исследователи исследователи VERB issue-237 244 6 могут могут PROPN issue-237 244 7 продолжить продолжить PROPN issue-237 244 8 работу работу PROPN issue-237 244 9 над над PROPN issue-237 244 10 этим этим NOUN issue-237 244 11 исследованием исследованием NOUN issue-237 244 12 , , PUNCT issue-237 244 13 чтобы чтобы NOUN issue-237 244 14 прибавить прибавить NOUN issue-237 244 15 к к ADP issue-237 244 16 литературе литературе NOUN issue-237 244 17 обзоры обзоры NOUN issue-237 244 18 суверенных суверенных PROPN issue-237 244 19 долговых долговых PROPN issue-237 244 20 кризисов кризисов PROPN issue-237 244 21 по по PROPN issue-237 244 22 конкретным конкретным VERB issue-237 244 23 странам странам PROPN issue-237 244 24 и и PROPN issue-237 245 1 их их PROPN issue-237 245 2 влияние влияние PROPN issue-237 245 3 на на PROPN issue-237 245 4 национальные национальные NOUN issue-237 245 5 банковские банковские PROPN issue-237 245 6 системы системы PROPN issue-237 245 7 . . PUNCT issue-237 246 1 значение значение PROPN issue-237 246 2 / / SYM issue-237 246 3 оригинальность оригинальность NOUN issue-237 246 4 . . PUNCT issue-237 247 1 это это VERB issue-237 247 2 исследование исследование NOUN issue-237 247 3 показывает показывает NOUN issue-237 247 4 , , PUNCT issue-237 247 5 что что NOUN issue-237 247 6 ухудшение ухудшение PROPN issue-237 247 7 финансовых финансовых PROPN issue-237 247 8 показателей показателей PROPN issue-237 247 9 финансовой финансовой NOUN issue-237 247 10 системы системы PROPN issue-237 247 11 украины украины NOUN issue-237 247 12 , , PUNCT issue-237 247 13 измеряемое измеряемое PROPN issue-237 247 14 доходностью доходностью PROPN issue-237 247 15 государственных государственных PROPN issue-237 247 16 облигаций облигаций PROPN issue-237 247 17 , , PUNCT issue-237 247 18 а а PROPN issue-237 247 19 также также PROPN issue-237 247 20 кредитными кредитными PROPN issue-237 247 21 дефолтными дефолтными PROPN issue-237 247 22 свопами свопами PROPN issue-237 247 23 , , PUNCT issue-237 247 24 и и PROPN issue-237 247 25 экономический экономический PROPN issue-237 247 26 спад спад NOUN issue-237 247 27 в в PROPN issue-237 247 28 стране стране PROPN issue-237 247 29 , , PUNCT issue-237 247 30 сопровождаются сопровождаются NOUN issue-237 247 31 снижением снижением ADJ issue-237 247 32 кредитных кредитных PROPN issue-237 247 33 рейтингов рейтингов VERB issue-237 247 34 местных местных ADJ issue-237 247 35 банков банков NOUN issue-237 247 36 . . PUNCT