Fitch confirmed B- ratings of state owned Ukreximbank and Oschadbank concerning long term issuer default ratings in foreign currency. The outlook remains positive. Fitch also upgraded the Viability Rating from CCC to B- which means that the banks’ default rating is now supported by the financial institutions themselves.The confirmation of the sustainability ratings reflect a sufficient capitalization of banks after injections by state in Q1/2017. Also, problem loans received sufficient coverage. To note, Fitch’s group B ratings mean that there are certain credit risks with a limited margin of safety.
Fitch confirms Ukreximbank and Oschadbank B- ratings, outlook stable
Two state owned banks received confirmation of their long-term issuer default ratings in foreign currency
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