Fitch affirms 3 Ukraine banks

Fitch Ratings said it affirmed the long-term foreign-currency issuer default ratings of PJSC UkrSibbank, Ukrsotsbank and PJSC VTB Bank Ukraine at B and viability ratings at CCC.

The ratings are driven by the likelihood of support they may receive from their majority shareholders, Fitch said.

UkrSibbank is 85%-owned by BNP Paribas; Ukrsotsbank is 95%-owned by UniCredit SpA and VTB Bank Ukraine is more than 99%-owned by JSC Bank VTB, the agency said.

The ratings are limited by Ukrainian country risks, Fitch added.

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