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Fitch Ratings upgrades 7 Ukrainian banks to 'B-' from 'CCC'

Fitch Ratings upgrades 7 Ukrainian banks to 'B-' from 'CCC'Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Ratings (IDRs) of seven Ukrainian banks to 'B-' from 'CCC', Fitch has said in a press release.

Read also: Fitch upgrades Ukrainian сity of Kharkiv's ratings to 'B-'

The banks are State Export-Import Bank of Ukraine (Ukreximbank), State Savings Bank of Ukraine (Oschadbank), Alfa-Bank, Ukrsotsbank, ProCredit Bank (Ukraine), Credit Agricole Bank and Pravex-Bank.

Read also: Fitch Ratings: Ukraine's GDP will grow by 1.1% in 2016

The Outlooks on six of the banks' Long-Term IDRs are Stable, the Outlook on Pravex-Bank is Negative.
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