OREANDA-NEWS. August 29, 2011. International rating agency Fitch Ratings assigned PJSC "Alfa-Bank" (Ukraine) a Long-term foreign-currency Issuer Default Rating (IDR) "B-" with Stable Outlook, Short-term IDR "B" and Viability Rating "ccc", reported the press-centre of Alfa-Bank.

"The assigned ratings reflect both the continuous shareholders’ support for the Bank (over the last 5 years there were 7 share capital injections), and the Bank’s efforts to improve loan portfolio quality as well as liquidity," said Mrs. Viktoria Mikhalyo, the Chairman of the Management Board. "Additionally, the Bank returned to the bottom-line profitability."

Overall revival of business activity, renewal of lending to real sector and macroeconomic stabilization resulted at the recent sovereign and other Ukrainian issuers’ outlooks improvement by Fitch Ratings. On July 21, 2011 the agency revised the outlook for the sovereign ratings of Ukraine to "positive" from "stable", which reflects higher probability of the country ratings floor upgrade.

Alfa-Bank (Ukraine) is also rated by international rating agency Standard and Poor’s. On May 31, independent international rating agency Standard & Poor's upgraded the Bank’s long-term international and national scale credit ratings to "B-/uaBBB-". The outlook on the ratings is "Stable".