Moody's puts 22 Ukrainian banks on review for possible downgrade

Moody’s Investors Service yesterday announced that it put on review for possible downgrade the global foreign currency deposit ratings of 22 Ukrainian banks, and the foreign currency debt instruments of six banks. Moody’s said the move was triggered by the review for possible downgrade of Ukraine’s sovereign deposit ceiling of B2 and debt ceiling of Ba3. The 22 banks  whose deposit ratings were put under review were: Alfa Bank Ukraine, Bank Finance & Credit, Sberbank’s Ukrainian subsidiary, Calyon Bank Ukraine, First Ukrainian International Bank, Bank Forum, ING Bank Ukraine, Kreditprombank, OTP Bank Ukraine, Pivdenny Bank, Pravex Bank, Privatbank, Raiffeisen Bank Aval, Oschadbank, Swedbank Invest, Swedbank, Ukreximbank, Ukrsibbank, Ukrsotsbank, Dongorbank, Khreschatyk Bank, and VAB Bank. The six banks whose debt ratings were placed on review were: Alfa Bank Ukraine, Bank Forum, Privatbank, Ukreximbank, Ukrsibbank, and Ukrsotsbank.