The rating agency Moody's has changed the long-term ratings on deposits in foreign currency of seven Ukrainian banks to «Caa2» from «B3» due to the downgrade of the sovereign rating of Ukraine, respectively, to «Caa2» from «B3». 'PrivatBank's highest occurrence rate at the ccc- level indicates a view of heavier loss buffers than the other six banks,' Fitch wrote. The downgrade has steadily become a beautiful sovereign rating of Ukraine to cc due to the postponement of payment on Eurobonds. PrivatBank and three private banks of Ukraine in foreign and national currencies at the level of CCC- and CCC, respectively.įitch also downgraded six banks to cc and PrivatBank to ccc- to reflect heightened sovereign and credit exposure risks. The international rating agency Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of four state-owned banks, incl. Moody's notes that the downgrade is due to the consequences of the war with Russia, which is expected to create long-term problems for the Ukrainian economy and public finances. PrivatBank, to Ca from Caa3 due to the downgrade of Ukraine's unsecured debt rating to Ca from Caa3, respectively. The rating agency Moody's has changed the credit ratings of five Ukrainian banks, incl.
