Fitch Downgrades 13 Ukrainian Banks to 'CCC' | Reuters:
"MOSCOW, February 14 (Fitch) Fitch Ratings-London/Moscow-14 February 2014: Fitch Ratings has downgraded 13 Ukrainian banks' Long-term foreign currency Issuer Default Ratings (IDRs) to 'CCC' from 'B-'. The banks are JSC The State Export-Import Bank of Ukraine (Ukreximbank), JSC State Savings Bank of Ukraine (Oschadbank), PJSC CB PrivatBank (Privat), Joint Stock Commercial Industrial & Investment Bank (Prominvestbank), Public Joint Stock Company UkrSibbank, Ukrsotsbank (Ukrsots), PJSC VTB Bank (VTBU), ProCredit Bank (Ukraine) (PCBU), PJSCCB Pravex-Bank (Pravex), PJSC Credit Agricole Bank (CAB), PJSC Alfa-Bank (ABU), Pivdennyi Bank (PB) and Industrialbank (INB). A full list of rating actions is provided at the end of this rating action commentary. "
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