Fitch Upgrades Three Ukrainian Banks
15 June 2008
The international rating agency Fitch Ratings upgraded to ?positive? its long-term outlook for three Ukrainian banks: Privatbank (the largest Ukrainian bank in terms of assets), state-owned Ukreximbank (ranked number five) and Procreditbank (ranked number 39). According to a Fitch statement, the upgrade followed the improvement in Ukraine’s sovereign outlook on June 8.
