Fitch Ratings affirms ProCredit Bank’s ratings

Fitch Ratings (London), a global rating agency, affirmed ProCredit Bank''s Long-Term Issuer Default Rating (IDR) at ‘B’, Outlook: Stable.

According to Fitch Ratings’ press release of 13 July 2012, this decision was based on the assessment of the probability of the bank receiving support from its major shareholder ProCredit Holding – a public-private partnership, whose shares are held by investors from both the public and private sectors. ProCredit Holding has a BBB- investment grade rating from Fitch Ratings.

ProCredit Bank (Ukraine) continues its active co-operation with Fitch Ratings and ensures maximum transparency. Ratings awarded to ProCredit Bank by Fitch remain the highest possible in Ukraine:

Long-term foreign currency IDR is affirmed at ‘B’, Outlook: Stable Long-term local currency IDR is affirmed at ‘B+’, Outlook: Stable Short-term foreign currency IDR is affirmed at ‘B’ Short-term local currency IDR is affirmed at ‘B’ Support rating is affirmed at ‘4’ Viability rating is affirmed at ‘b-’ National long-term rating is affirmed at ‘AAA(ukr)’, Outlook: Stable

Fitch affirms 4 Ukrainian banks ratings pdf, 65 KB