OREANDA-NEWS. August 01, 2011. Fitch Ratings revised the Outlook on Ukreximbank Long-term foreign currency Issuer Default Rating (IDR) to Positive from Stable and affirmed all the current ratings of the Bank. This follows the revision in Outlooks of the Ukraine's Long-term foreign and local currency IDR to Positive from Stable, reported the press-centre of Ukreximank.

The revision of the Ukreximbank Outlook reflects the Agency's view that while the ability of the government to provide support in case of need remains limited, as reflected by the 'B' sovereign Long-term IDRs, it is now likely to improve, as reflected by the Positive Outlook.

Viability Rating of Ukreximbank, currently affirmed by Fitch at “b”, is higher than of the other Ukrainian banks, covered by the latest Ratings action by Fitch and reflects Ukreximbank significant loan loss absorption capacity afforded by the strong capital positions, stable funding profile and comfortable liquidity level.

For full article on the rating action please refer to Fitch web-site http://www.fitchratings.com

Ukreximbank current ratings record is available at http://www.eximb.com/eng/ratings/