S&P adds Ukrsotsbank, Alfa Bank Ukraine & Kredobank to CreditWatch negative
16 February 2009
Standard & Poor’s said on Friday that it put Ukraine’s Ukrsotsbank, Alfa Bank and Kredobank on CreditWatch with a negative outlook. In a statement, as grounds for the move, S&P cited the rapidly worsening economic climate and business conditions in Ukraine that affects the fundamental credit characteristics of the banks.
