Fitch affirmed UKRGASBANK Ratings

Fitch Ratings has affirmed JSB UKRGASBANK Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B-’ with Stable Outlooks. The bank’s National Long-Term Ratings affirmed at ‘AA(ukr)’ with Stable Outlooks, which reflects the bank’s relative creditworthiness to peers within Ukraine.

The rating is in line with the Fitch's current sovereign credit rating for Ukraine.

The rating actions are as follows:

  • Long-term Foreign and Local Currency IDRs affirmed at ‘B-’, Outlook Stable
  • Short-term Foreign and Local Currency IDRs affirmed at ‘B’
  • Support Rating affirmed at ‘5’
  • Support Rating Floor affirmed at ‘B-’
  • Viability Rating affirmed at ‘b-’
  • National Long-Term Rating affirmed at ‘AA(ukr)’, Outlook Stable.

For the full text of rating action commentary visit Fitch Ratings website.