Moody's ups view of 11 Ukrainian banks to positive

Moody's Investors Service said it changed the outlook on the B2 long-term foreign-currency deposit ratings of eleven Ukrainian banks to positive following the change in outlook on Ukraine's sovereign ratings to positive.

The affected banks include Bank Forum, Bank Nadra, Bank NRB Ukraine, Alfa Bank Ukraine, State Export-Import Bank of Ukraine (Ukreximbank), Ukrsotsbank OJSC, Privatbank CJSC, Raiffeisen Bank Aval, Calyon Bank Ukraine, UkrSibbank and Index Bank.

The agency also changed to positive the outlook on the Ba2 long-term foreign-currency senior and subordinated unsecured debt ratings of Ukreximbank, the Ba3 long-term foreign-currency subordinated debt rating of Privatbank and the Ba2 long-term foreign currency senior unsecured debt rating of UkrSibbank.

The change applies to the foreign-currency deposit and debt ratings of banks that are constrained by the country ceilings, Moody's said. The B2 long-term foreign-currency deposit ratings of other rated Ukrainian banks, whose ratings were not constrained by the country ceilings, were not affected by this rating action.

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