Moody’s upgraded the ratings and assessments of six Ukrainian banks (as applicable: Privatbank, Savings Bank of Ukraine, Ukreximbank, Raiffeisen Bank Aval, Pivdennyi Bank, JSCB, Sberbank PJSC).
Moody’s also revised the outlooks for the ratings of these six banks to stable from positive. The rating action follows Moody’s upgrade of Ukraine’s sovereign debt rating to B3 stable from Caa1 positive on June 12, 2020. Concurrently, Moody’s downgraded the Baseline Credit Assessment (BCA) and adjusted BCA of one bank (Ukreximbank).
The rating agency’s Macro Profile for Ukraine remains unchanged at Very Weak+