Fitch affirms ProCredit Bank Ukraine

Fitch Ratings said it affirmed ProCredit Bank Ukraine's long-term foreign-currency issuer default rating at BB-, long-term local-currency issuer default rating at BB, short-term foreign- and local-currency issuer default rating at B, individual rating at D, support rating at 3.

The outlook is positive.

Its national long-term rating also is affirmed at AAA(ukr) with stable outlook.

The ratings reflect Fitch's view of the strong propensity of support from 60% owner, ProCredit Holding AG, which is rated BBB-.

The ratings also take into account the bank's high degree of integration within the ProCredit group and its centralized control over its key functions, including risk management, the agency said.

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