Fitch upgrades PrivatBank ratings

Fitch upgrades PrivatBank ratings

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Ukrinform
Fitch Ratings has upgraded ratings of PJSC CB PrivatBank to 'B-' with a stable outlook.

This is said in a press release issued by PrivatBank.

“The bank's Viability Rating has been upgraded to ‘b-‘, and the National Long-Term Rating to 'AA-(ukr)' from 'BB (ukr)' with a stable outlook,” reads the report.

According to Fitch, the upgrade of Privat's ratings reflects the stabilization of the bank's credit profile following rehabilitation procedures implemented by the authorities after its nationalization and improved liquidity position.

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