Fitch upgrades ratings of seven Ukrainian banks

Fitch upgrades ratings of seven Ukrainian banks

Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Ratings (IDRs) of seven Ukrainian banks to 'B-' from 'CCC', Business Censor reports referring to Fitch.

In particular, the agency raised ratings of JSC The State Export-Import Bank of Ukraine (Ukreximbank), JSC State Savings Bank of Ukraine (Oschadbank), PJSC Alfa-Bank (ABU), Ukrsotsbank (Ukrsots), ProCredit Bank (Ukraine) (PCBU), PJSC Credit Agricole Bank (CAB) and PJSCCB Pravex-Bank (Pravex). 

The Outlooks on six of the banks' Long-Term IDRs are Stable, and the Outlook on PJSCCB Pravex-Bank (Pravex) is Negative.


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