Fitch Ratings affirmed the ratings of Alfa-Bank Ukraine

News 27 may 2019 - 17:58

On May 24, 2019, rating agency Fitch Ratings affirmed the international scale long-term and short-term ratings of Alfa-Bank Ukraine at B-/B/Stable, the national scale rating at AA(ukr)/Stable, as well as its viability and support ratings.

The international scale long-term ratings of Alfa-Bank Ukraine stay in line with the Ukraine's Country Ceiling and demonstrate the benefits of shareholders’ support.

In Fitch Ratings’ opinion, during the analysed period Alfa-Bank Ukraine has considerably improved loan portfolio quality, kept satisfactory liquidity position, grown profitability and capitalization.

“Current affirmation of the bank’s international ratings apparently gives a positive sign to our customers and the whole market, – commented CFO of Alfa-Bank Ukraine Dmitry Serezhin. – The considerable improvement of the financial performance mentioned by Fitch Ratings in the rating rational is underpinned by great volume of work done by the bank team on loan portfolio quality recovery and non-core assets disposal”.

At the same time, Fitch Ratings agency also affirmed ratings of the UAH-denominated bonds of Alfa‑Bank Ukraine Series S (ISIN UA4000198931): the international scale long-term rating B- (country rating level) and the national scale rating AA(ukr) (investment grade).