Moody's ups Pravex-Bank

Moody's Investors Service said it upgraded the long-term global-scale local currency deposit and senior unsecured debt ratings of Pravex-Bank to Ba2 from B2.

The rating agency also upgraded the bank's long-term national-scale rating to Aa1.ua from A3.ua, the agency said.

Moody's noted that it affirmed Pravex-Bank's E+ bank financial strength rating and the Not Prime short-term ratings.

The bank's B2 foreign currency deposit rating was also affirmed, but remains on review for possible upgrade, the agency added.

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