Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Ratings (IDRs) of seven Ukrainian banks to ‘B-‘ from ‘CCC’, Fitch has said in a press release.
The banks are State Export-Import Bank of Ukraine (Ukreximbank), State Savings Bank of Ukraine (Oschadbank), Alfa-Bank, Ukrsotsbank, ProCredit Bank (Ukraine), Credit Agricole Bank and Pravex-Bank.
The Outlooks on six of the banks’ Long-Term IDRs are Stable, the Outlook on Pravex-Bank is Negative.
