21/10/2024

Fitch Ratings has upgraded Ukreximbank's Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) to ‘CCC’ and its Long-Term Local-Currency Issuer Default Rating (LTLC IDR) to ‘CCC+’. The bank's Viability Ratings (VR) has been affirmed at ‘f’.

Ukreximbank maintains sufficient liquidity to meet its short-term obligations, which supports LTFC IDR and LTLC IDR ratings above the current VR.

The rating review follows the upgrade of Ukraine's Long-Term Local-Currency Issuer Default Rating (LTLC IDR) following the successful completion of its Eurobond restructuring.