Moody’s has improved the rating outlook for seven Ukrainian banks

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Moody’s Investors Service has improved the rating outlook, from ‘stable’ to ‘positive’ for seven Ukrainian banks:  PrivatBank, Oschadbank, Ukreximbank, Raiffeisen Bank Aval, Prominvestbank, Sberbank, and Pivdenny Bank.

Moody’s also confirmed it basic credit rating of Ukrainian banks –Caa1. On PrivatBank, the subject of a takeover lawsuit by former owner Igor Kolmoisky, Moody’s wrote of the bank, nationalized three years ago: “Improving PrivatBank’s ratings is driven by an increase in Ukraine’s sovereign rating, stabilization of the banking system, and improved asset quality and profitability of PrivatBank.”

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