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Fitch Ratings affirmed the ratings of Alfa-Bank Ukraine

September 25, 2019. TAG: Financial Services

On September 24, 2019, rating agency Fitch Ratings affirmed the international scale long-term and short-term ratings of Alfa-Bank Ukraine at B-/B/Stable as well as its viability and support ratings. The viability rating was placed on Rating Watch Positive.

At the same time, Fitch Ratings recalibrated the national scale. As a result, the Bank was assigned an investment grade rating at BBB+(ukr).

The current international scale ratings and support rating reflect Fitch's view that the Bank would likely be supported, in case of need, by its shareholders.

Fitch Ratings will assess the anticipated positive impact from Ukraine's improving operating environment on the Bank's standalone credit profile and resolve the Rating Watch Positive on the viability rating accordingly.

Alfa-Bank (Ukraine)

ABH Holdings S.A. (ABHH) is a privately owned Luxembourg-based investment holding company investing into several banking groups in the CIS and Europe. ABHH includes Alfa-Bank (Russia), Alfa-Bank (Ukraine), Ukrsotsbank (Ukraine), Alfa-Bank (Belarus), Alfa-Bank (Kazakhstan) and Amsterdam Trade Bank N.V.

Alfa-Bank (Ukraine), registered in Ukraine in January 2001, ranks among the largest banks in Ukraine. Alfa-Bank (Ukraine) operates in all key sectors of the banking sphere.