18:09 11.08.2015

Fitch upgrades Ukreximbank to 'CCC' due to completion of its debt restructuring

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Fitch upgrades Ukreximbank to 'CCC' due to completion of its debt restructuring

Fitch Ratings has upgraded the State Export-Import Bank of Ukraine (Ukreximbank, Kyiv) Long-term foreign currency Issuer Default Rating (IDR) to 'CCC' from 'RD' ( restricted default) and senior unsecured debt rating to 'CCC' from 'C'.

The upgrades follow the completion of the bank's external debt restructuring, the rating agency said on its website.

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