Fitch rates ProCredit Bank Ukraine bonds B+

Fitch Ratings said it assigned final long-term ratings of B+ to PJSC ProCredit Bank (Ukraine)'s series G and series H senior unsecured bonds.

The bonds have a recovery ratings of RR4 and national long-term ratings of AAA(ukr).

Both series are sized at UAH 100 million. The series G mature in May 2015 and the series H in September 2015 and they have put options in May 2013 and September 2013, respectively.

The bank's obligations under all issues will rank at least equally with the claims of the bank's other senior unsecured creditors, except those preferred by relevant legislation, Fitch said.

The bank has a long-term foreign-currency issuer default rating of B, long-term local-currency issuer default rating of B+, short-term foreign-currency issuer default rating of B, viability rating of B- and national long-term rating of AAA(ukr).

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.