OREANDA-NEWS. On 14 August 2009 was announced, that International rating agency Fitch Ratings Ltd has today affirmed the ratings of Ukraine-based PJSC Swedbank including its Long-term foreign currency Issuer Default rating of 'B' with a Negative Outlook. At the same time, the agency has withdrawn all the bank's ratings and International rating agency Fitch Ratings Ltd. will no longer provide rating or analytical coverage of PJSC Swedbank (Ukraine).

A full list of rating actions is as follows:

Long-term foreign currency IDR: affirmed at 'B', Outlook Negative; withdrawn;

Long-term local currency IDR: affirmed at 'B+, Outlook Negative; withdrawn;

Short-term IDR: affirmed at 'B'; withdrawn;

Support rating: affirmed at '4'; withdrawn;

Individual rating: affirmed at 'E'; withdrawn;

National Long-term rating: affirmed at 'AAA(ukr)'; Outlook Stable; withdrawn.

Decision of termination of cooperation with RA “Fitch Ratings” was previously taken by Swedbank Group. Swedbank  in Ukraine has become the first bank of international Swedbank Group, that took the lead in dissolution of a treaty with International rating agency FitchRatings Ltd..

At this point Swedbank in Ukraine continues its cooperation with International rating agency “Moody’s Investors Service” and rating agency “Credit Rating”.