Moody's: Ukranian banks negative

Moody's Investors Service said it changed the outlook on the local-currency debt and deposit ratings of Subsidiary Bank Sberbank of Russia, rated Ba2, and First Ukrainian International Bank, rated B2, to negative from stable.

This aligns the banks' outlooks with the negative outlook on the Government of Ukraine's B2 rating and reflects the extent to which the banks' creditworthiness is correlated with that of the country's national government.

Moody's also downgraded the national scale ratings of First Ukrainian International Bank to A3.ua from A2.ua, reflecting the bank's weakening position amongst Ukrainian peers in the context of the outlook change on the bank's global scale ratings.

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