OREANDA-NEWS. Fitch Ratings has today upgraded the Individual rating of The State Export-Import Bank of Ukraine ("Ukreximbank") to 'D' from 'D/E'. Its other ratings are affirmed at Issuer Default ("IDR") 'BB-' (BB minus) with a Positive Outlook, Short-term 'B', Support '3' and National Long-term 'AA(ukr)' with a Stable Outlook.

The upgrade of Ukreximbank's Individual rating reflects improved profitability and liquidity, resulting from greater scale following a UAH300 million capital injection in Q405 and increased access to long-term international funding.

The rating also considers the good asset quality of recently generated loans and the bank's strong franchise in its core segment.