Fitch confirms Oshchadbank, Ukreximbank ratings at ‘B’

In a statement on Friday, Fitch Ratings said that it affirmed the long-term issuer default ratings of Ukraine’s two state-owned banks, Ukreximbank and Oschadbank at ‘B’ with a negative outlook. Fitch said the ratings are supposed by potential measures from the Ukrainian authorities, if needed. Andrii Parkhomenko: Ukreximbank’s bonds that mature on September 23 already trade at about 100% of par value, meaning that investors expect that the bank to repay the bonds in full.