January 11th 2017

S&P to revise PrivatBank’s rating following recapitalisation

S&P Global Ratings international ratings agency will revise PrivatBank’s rating when it has enough information to assess the bank's position following its recapitalisation.

According to the agency’s official press release, the current rating does not reflect the overall solvency of the bank, but only the fact of conversion of three outstanding loan participation notes into PrivatBank’s capital by decision of the Deposit Guarantee Fund.

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