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. The Positive Outlook on the IDRs mirrors that on the sovereign. At the same time, Fitch affirmed the ‘b-’ VR. 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-’
• National Long-Term Rating affirmed at ‘AA(ukr)’, Outlook Stable

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

19.10.2021