Moody’s raised the ratings of seven Ukrainian banks by one notch, generally to Caa1, Moody’s new rating for Ukraine.

Moody’s raised the ratings of seven Ukrainian banks by one notch, generally to Caa1, Moody’s new rating for Ukraine. Upgrades were given to three state-owned banks — PrivatBank, Oschadbank, Ukreximbank — and to four commercial banks — Pivdenny, Prominvest, Raiffeisen Bank Aval, and Sberbank Ukraine. In addition, Moody’s upgraded the corporate ratings of Ferrexpo, Metinvest and MHP, from Caa1 to B3.