Fitch confirms Ukreximbank rating at 'B+'

Fitch Ratings, in a release yesterday, said it affirmed Ukraine’s state-owned export-import bank’s (Ukreximbank) long-term Issuer Default Rating at ‘B+’ with a negative outlook and individual rating of ‘D.’ Fitch said the ratings are underpinned by potential support from Ukrainian authorities in case of need. Ukreximbank was Ukraine’s #5 largest bank by assets as of Oct. 1, 2008.