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Moody's upgrades 7 Ukrainian banks

Dec 28, 2018 - SNL European Financials Daily

Moody's on Dec. 27 upgraded the long-term local-currency deposit ratings of JSC CB Privatbank, PJSC State Savings Bank of Ukraine, JSC The State Export-Import Bank of Ukraine and PJSC Pivdennyi Bank to Caa1 from Caa2 and the long-term foreign-currency deposit ratings to Caa2 from Caa3.

The rating agency changed the outlook on the banks' long-term deposit ratings to stable from positive. It also upgraded the banks' senior unsecured regular debt to Caa1 from Caa2 and revised the outlook on t...