Moody's cuts Mortgage, Auto Loan Finance ratings

Moody’s Investors Service announced on Friday that it lowered the ratings of Ukraine Mortgage Loan Finance #1 and Auto Loan Finance #1: Class A bonds from ‘Baa3’ to ‘Ba1’ and Class B bonds from ‘Ba3’ to ‘B1.’ All the ratings remain under review for possible downgrade. The two entities were established by Privatbank, Ukraine’s largest bank, to respectively provide securitization of mortgage and auto loans.