Fitch affirmed PrivaatBank’s ratings, Outlooks Stable

International rating agency Fitch Ratings has affirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of PrivaatBank at «B-» with Stable outlooks. According to Fitch, PrivaatBank’s Viability rating (VR) and Support rating floor (SRF) have been also affirmed at «b-» and «B-» accordingly. The SRF reflects Fitch’s view of potential state support for the bank, if required.

Fitch informed, that Short-Term Foreign-Currency IDR of PrivaatBank has been affirmed at «B» and the National Long-Term Rating at «AA (ukr)», reflecting the bank’s high creditworthiness relative to peers within Ukraine.

Analysts of Fitch Ratings note, that PrivaatBank’s portfolio of impaired loans linked to the companies of its previous owners is fully provisioned, along with strengthening liquidity position underpinned by healthy retail-led revenues and profitability.

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