OREANDA-NEWS. International rating agency Standard & Poor's announced that it revised the outlook on the ratings of the largest Ukrainian bank PrivatBank to “Stable” and affirmed the 'B-' long-term counterparty credit rating of the Bank. The agency reported that the outlook on the Bank's ratings was revised following the revision of the outlook on Ukraine's sovereign ratings.

Standard & Poor's experts noted again that PrivatBank had a higher stand-alone creditworthiness ('b+') than other Ukrainian banks that reflected its strong business and competitive position, as well as a more favorable financial risk profile. However, according to the agency's methodology, credit rating of PrivatBank cannot exceed the sovereign credit ratings of Ukraine.

Upgrading of Ukraine's sovereign rating or outlook revision to “Positive” would result in similar actions on PrivatBank, whose stand-alone credit profile is currently two notches above the sovereign rating.

Earlier Standard & Poor's rated the PrivatBank's stand-alone creditworthiness higher than the sovereign rating on Ukraine. PrivatBank's SACP was assessed at 'b+' that was 2 notches above the sovereign rating, considering the bank's leading market position, high asset quality and adequate liquidity.