Fitch affirmed UKRGASBANK Ratings

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of UKRGASBANK at 'B' with a Stable Outlook. The rating is in line with the Fitch's current sovereign credit rating for Ukraine.

The bank’s National Long-Term Ratings affirmed at ‘AA(ukr)’ with a Stable Outlook reflects its unchanged creditworthiness relative to peers within Ukraine.

Fitch has also affirmed the Viability Rating (VR) at its current level.

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 ‘4’
  • 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.