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Moody’s upgraded JSC Ukreximbank’s rating

18 / 12 / 2020

Moody’s Investors Service (Moody’s) upgraded the long-term foreign-currency deposit rating of JSC Ukreximbank to B3 from Caa1. The upgrade was driven by the change in the foreign-currency ceiling of Ukraine (B3 stable) following the publication of updated methodology. Rating has a stable outlook, reflecting the stable outlook on the sovereign rating.

JSC Ukreximbank’s long-term deposit ratings incorporate a one-notch uplift based on the bank’s Baseline Credit Assessment of caa1, given a very high probability of government support.