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S&P affirms, withdraws Kredobank's ratings

S&P Global Ratings on Feb. 1 affirmed Ukraine-based PJSC Kredobank's long- and short-term counterparty credit ratings at CCC+/C and its Ukraine national scale rating at "uaBB-", with a positive outlook.

The ratings were subsequently withdrawn at the bank's request.

At the time of withdrawal, the positive outlook reflected the bank's stronger resilience against weak macroeconomic conditions in Ukraine and ongoing support from parent PKO Bank Polski SA.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.