Moody’s updated the base credit rating of five banks: PrivatBank, Oschadbank, Ukreximbank, Raiffesen Bank Aval and Prominvestbank.
Moreover, the agency upgraded the long-term local currency deposit ratings of these banks and confirmed the rating of Pivdennyi Bank.
Also, the long-term foreign currency deposit ratings are upgraded at six banks.
The agency upgraded the long-term local currency rating of senior unsecured bonds of Oschadbank and upgraded the rating of foreign currency of senior unsecured bonds of Oschadbank and Ukreximbank.
Rating of the subordinated debentures in foreign currency was upgraded for Ukreximbank.
Four banks received the upgraded rating on the national scale and six banks got the upgraded rating of counterparty risk.
The agency upgraded the credit rating of Ukraine for one rate from Caa3 to Caa2. Also, Moody’s changed the prognosis from stable to positive. ‘The upgrade of the sovereign rating of Ukraine to Caa2 is based on the next key points: cumulative influence of the structural reforms that will improve the dynamics of the state debt if they are stable; the significant strengthening of the Ukraine’s positions at the international stage’, the message said.
It is pointed that the positive prognosis reflexes the impulse of the reforms and if it maintains it can lead to the further development of the reliability of the inner and external debt of Ukraine.