Fitch lowers 9 Ukrainian banks’ ratings following sovereign downgrade
16 February 2009
After cutting Ukraine’s sovereign rating on Thursday from ‘B+’ to ‘B’, Fitch Ratings also lowered the long-term Issuer Default Ratings of nine Ukrainian banks by one notch: Forum, Pravex, ProCredit Ukraine, Swedbank Ukraine, UkrSibbank, Ukrsotsbank, VTB Ukraine, Oschadny and Ukreximbank. The ratings remain on Negative Outlook.
