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Moody’s raised the credit rating of PrivatBank

Moody's повысило оценку кредитоспособности ПриватБанкаThe Agency also increased by one the value of the Bank’s ratings for deposits in national currency (to Caa1) and foreign currency (to Caa2).

International rating Agency Moody’s increased the credit rating of PrivatBank from Caa2 to Caa1. On Thursday, December 27, the press service of the Bank.

It is noted that the Agency also changed the Outlook on the Bank’s ratings from “positive” to “stable”.

Moody’s noted that the rating increase is due to PrivatBank “increased sovereign rating of Ukraine, the stabilization of the banking system and improve asset quality and profitability of the Bank”.

Moody’s experts said that in 2018 PrivatBank demonstrates a significant improvement in profitability, lower Bank’s dependence on market funding and a high level of liquid assets.

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