Moody's confirms 22 Ukrainian banks

Moody's Investors Service said it confirmed with a positive outlook the B2 long-term foreign-currency deposit ratings of 22 Ukrainian banks. The ratings of foreign-currency debt instruments issued by five Ukrainian banks also have been confirmed.

The outlook is positive.

The action has been triggered by the confirmation of Ukraine's B2 foreign-currency country ceilings for bank deposits and the Ba3 country ceiling for foreign-currency bonds. The A3 local-currency country ceiling and Baa1 local-currency bank deposit ceiling for Ukraine also has been affirmed.

The Ukrainian banks whose foreign-currency deposit ratings were confirmed were those constrained by the country ceiling for foreign-currency deposits.

The long-term foreign-currency bank deposit ratings were confirmed at B2 with a positive outlook for Alfa Bank Ukraine, Bank Finance and Credit, Bank Nadra, Bank NRB, Calyon Bank Ukraine, First Ukrainian International Bank, Forum Bank, Index-Bank, ING Bank Ukraine, Kreditprombank, OTP Bank Ukraine, Pivdennyi Bank, Pravex-Bank, Privatbank Commercial Bank, Prominvestbank, Raiffeisen Bank Aval, Savings Bank of Ukraine, Swedbank Invest, Swedbank OJSC, Ukreximbank, Ukrsibbank and Ukrsotsbank.

Other ratings confirmed include Forum Bank's Ba3 long-term foreign-currency senior unsecured debt rating, Ukreximbank's Ba2 long-term foreign-currency senior unsecured debt rating, Privatbank's Ba3 long-term foreign-currency subordinated debt rating, Ukrsibbank's Ba2 long-term foreign-currency senior unsecured debt rating and Ukrsotsbank's Ba2 long-term foreign-currency senior unsecured debt rating.

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