OREANDA-NEWS. August 01, 2011. The international rating agency Fitch Ratings improved outlook on ratings of PJSC "BANK FORUM" Commerzbank Group from "Stable" to "Positive", reported the press-centre of Bank Forum.

The rating actions follow the agency's similar revision of the outlooks on Ukraine's Long-term foreign and local currency Issuer Default Ratings (IDR). The improvement of outlook on Bank Forum’s ratings reflects the increased likelihood of an upgrade of Ukraine's Country Ceiling ('B') following the revision of the sovereign outlook. Ukraine's Country Ceiling, which reflects transfer and convertibility risks, constrains the banks' Long-term foreign currency IDRs as it limits the extent to which support from the majority foreign shareholders of these banks can be factored into the ratings. Their 'B+' Long-term local currency IDRs also take into account Ukrainian country risks.

Current ratings assigned to PJSC "BANK FORUM" by Fitch Ratings:

Long-term foreign currency IDR: affirmed at 'B'; Outlook revised to Positive from Stable

Long-term local currency IDR: affirmed at 'B+'; Outlook revised to Positive from Stable

Short-term foreign currency IDR: affirmed at 'B'

Support Rating: affirmed at '4'

Individual Rating: affirmed at 'E'

Viability Rating: affirmed at 'ccc'

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