Fitch raised the rating of the largest Bank in Ukraine “Privat” to “CCC” from “RD”

KYIV, 4 December. Rating Agency Fitch upgraded long-term Issuer default rating of “PrivatBank” in foreign currency to “CCC” from “RD”. A rating in national currency is affirmed at “CCC”.

“These rating actions follow the restructuring the Bank external debt”, – said in a press release of the Agency.

“PrivatBank”, the controlling stock of which is controlled by Ukrainian businessman Igor Kolomoisky, ranked first by assets in the rating of Ukrainian banks by the National Bank of the country.