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S&P revises Kredobank's outlook

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S&P revises Kredobank's outlook

Standard & Poor's Ratings Services on April 26 revisedto positive from negative its outlook on PJSC Kredobank and raised its Ukraine national scalerating to uaBB- from uaB+.

The change in outlook reflects the bank's improvedfinancials, including its stronger-than-average asset quality, and the agency'sbelief that the bank will cope with the Ukraine's present weak macroeconomicconditions better than its domestic peers.

The rating agency also affirmed the bank's long- andshort-term counterparty credit ratings of CCC+/C.

S&P Ratings andGlobal Market Intelligence are owned by McGraw Hill Financial Inc.