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Published on 10/19/2011 in the Prospect News Emerging Markets Daily.

Fitch: Ukrainian banks stable

Fitch Ratings said it revised the outlook on some Ukrainian banks to stable from positive and affirmed their ratings.

The actions follow the agency's revision of the outlook on Ukraine's long-term foreign- and local-currency issuer default ratings to stable from positive, according to the agency.

Ukreximbank's long-term foreign-currency issuer default and senior unsecured debt ratings were affirmed at B.

Oschadbank's long-term foreign- and local-currency issuer default ratings were affirmed at B.

PJSC UkrSibbank, Ukrsotsbank, Forum Bank and VTB Bank Ukraine have long-term foreign-currency issuer default ratings of B, long-term local-currency issuer default ratings of B+ and short-term foreign-currency issuer default ratings of B.

UkrSibbank has a senior unsecured debt rating of B and recovery rating of RR4.

VTB Bank has a senior unsecured debt rating of B+ and recovery rating of RR4.


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