Moodys Upgraded PrivatBank Rating Outlook up to Stable
OREANDA-NEWS. March 22, 2011. International rating agency Moody's upgraded its outlook on PrivatBank`s ratings up to Stable.
In particular, the agency improved the outlook for the financial stability rating "D-" and the long-term local currency deposit rating "Ba3".
In its official report Moody's highlighted the PrivatBank`s leading position as the largest Bank in Ukraine - the leader by assets, loans and deposits with its ramified national network of regional branches.
As it was previously reported, on January 1st 2011 PrivatBank`s regional network was represented by 3'216 offices, including 35 branches. According to GFK Ukraine`s research every third client of the Ukraine`s banking uses PrivatBank`s services, and the every fourth one considers PrivatBank as his primary bank.
International rating agency Moody's Investors Service is one of the world leaders in providing credit ratings and risk analysis to world capital markets in more than 110 countries.
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