Fitch lifts eight Ukraine banks' outlook to positive

Fitch Ratings said it revised eight Ukrainian banks' outlooks to positive from stable and affirmed all of their ratings.

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

PJSC UkrSibbank's long-term foreign-currency issuer default rating was affirmed at B, long-term local-currency issuer default rating at B+, senior unsecured debt at B with a recovery rating of RR4, short-term foreign-currency issuer default rating at B, viability rating at CCC and national long-term rating at AAA(ukr).

Ukrsotsbank's long-term foreign-currency issuer default rating was affirmed at B, long-term local currency issuer default rating at B+, short-term foreign-currency issuer default rating at B, viability rating at CCC, national long-term rating at AAA(ukr).

PJSC Bank Forum's long-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at B+, short-term foreign-currency issuer default rating at B, viability rating at CCC and national long-term rating at AAA(ukr).

ProCredit Bank Ukraine's long-term foreign-currency issuer default rating was affirmed at B, long-term local-currency issuer default rating at B+, short-term foreign-currency issuer default rating at B, short-term local-currency issuer default rating at B, viability rating at B- and national long-term rating at AAA(ukr).

Pravex-Bank PJSCCB's long-term foreign-currency issuer default rating was affirmed at B, long-term local-currency issuer default rating at B+, senior unsecured debt in local-currency at B+ with a recovery rating of RR4, short-term foreign-currency issuer default rating at B, viability rating at CCC and national long-term rating at AAA(ukr).

PJSC VTB Bank (Ukraine)'s long-term foreign-currency issuer default rating was affirmed at B, long-term local-currency issuer default rating at B+, senior unsecured debt in local-currency at B+ with a recovery rating of RR4, short-term foreign-currency issuer default rating at B, viability rating at CCC and national long-term rating at AAA(ukr).

JSC State Export-Import Bank of Ukraine (Ukreximbank)'s long-term foreign-currency issuer default rating was affirmed at B, senior unsecured debt at B with a recovery rating of RR4, subordinated debt rating at CCC with a recovery rating of RR6, short-term foreign-currency issuer default rating at B, viability rating at B and national long-term rating at AA-(ukr).

JSC State Savings Bank of Ukraine (Oschadbank)'s long-term foreign- and local-currency issuer default ratings were affirmed at B, short-term foreign-currency issuer default rating at B, senior unsecured debt at B with a recovery rating of RR4, viability rating at B- and national long-term rating at AA-(ukr).

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