Fitch downgraded the credit rating of the state “PrivatBank”
Fitch downgraded the credit rating of the state “PrivatBank” © UNIAN The Cabinet nationalized financial institution late in the evening of 18 December. International rating Agency Fitch Ratings downgraded the viability rating of the nationalized 18 “Privat” from “CCC” (possible default) to “F” (uncertainty). The reason the financial institution is in need of significant capitalization. According to the national Bank, you need to make 148 billion (6% of Ukraine’s GDP in 2017). This is stated in the press release of […]
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