trending Market Intelligence /marketintelligence/en/news-insights/trending/y_keqwezxjp__l2fch12zw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Fitch acts on PRIVATBANK ratings

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Streaming Media Devices Feel The Squeeze In Q3'19

AT&T To Use Wireless Subs To Create Buzz For HBO

Municipal CUSIP Requests On Pace For Record Year, Thanks To October Issuance Surge

Fitch acts on PRIVATBANK ratings

Fitch Ratings on Dec. 30 downgraded PJSC CB PRIVATBANK's long- and short-term foreign-currency issuer default ratings to Restricted Default from CCC and C, respectively, removing them from Rating Watch Evolving.

The downgrade comes after the National Bank of Ukraine's announcement that third-party senior unsecured and subordinated creditors of the bank have been bailed in as part of the bank's recapitalization process, Fitch said. The bail-in was executed before the bank was nationalized Dec. 21.

The long-term local-currency issuer default rating and the BB(ukr) national long-term rating will be downgraded to RD if third-party senior local-currency obligations are also bailed in.

Fitch affirmed the bank's support rating at 5 and support rating floor at No Floor. Meanwhile, the long-term local-currency issuer default rating of CCC remains on Rating Watch Evolving.

In addition, the senior unsecured debt ratings of UK SPV Credit Finance plc were downgraded to C/Recovery Rating 6, the lowest possible level; removed from Rating Watch Evolving; and withdrawn, as the securities were canceled.