FITCH HAS AFFIRMED UKRGASBANK RATINGS

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of JSB Ukrgasbank at ‘B’, with a Positive Outlook. At the same time, Fitch affirmed the ‘b-’ VR and removed it from Rating Watch Positive. The affirmation of the National Rating of 'AA(ukr)' reflects UGB’s unchanged creditworthiness relative to peers within Ukraine.

The rating actions are as follows:

  • Long-term Foreign and Local Currency IDRs affirmed at ‘B’, Outlook Positive
  • Short-term Foreign and Local Currency IDRs affirmed at ‘B’
  • Support Rating affirmed at ‘4’
  • Support Rating Floor affirmed at ‘B’
  • Viability Rating affirmed at ‘b-’, removed from Rating Watch Positive
  • National Long-Term Rating affirmed at ‘AA(ukr)’, Outlook Stable.

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

24.12.2019