OREANDA-NEWS. November 09, 2015. International rating agency Fitch Ratings has confirmed PrivatBank’s securitised bonds rating, which is five notches above the sovereign rating of Ukraine.

Fitch Ratings international rating agency confirmed the rating of the class "B" bonds issued by Ukraine Mortgage Loan Finance No.1 Plc under PrivatBank transactions of mortgage loans securitisation at "BB-sf" level with a stable outlook.

As Fitch reports, PrivatBank’s eurobonds rating confirmation five notches above the sovereign rating of Ukraine ("RD") is associated with the formation of a reserve fund which exceeds the remaining obligations of the bonds. According to Fitch’s methodology, the rating of individual issuers in emerging markets may be assessed at a level higher than the sovereign rating in exceptional cases.

Fitch has also reported the upcoming review and updating of PrivatBank’s long-term foreign currency IDR upon completion of the restructuring of its eurobonds

International rating agency Fitch Ratings has confirmed PrivatBank’s securitised bonds rating, which is five notches above the sovereign rating of Ukraine.

Fitch Ratings international rating agency confirmed the rating of the class "B" bonds issued by Ukraine Mortgage Loan Finance No.1 Plc under PrivatBank transactions of mortgage loans securitisation at "BB-sf" level with a stable outlook.

As Fitch reports, PrivatBank’s eurobonds rating confirmation five notches above the sovereign rating of Ukraine ("RD") is associated with the formation of a reserve fund which exceeds the remaining obligations of the bonds. According to Fitch’s methodology, the rating of individual issuers in emerging markets may be assessed at a level higher than the sovereign rating in exceptional cases.

Fitch has also reported the upcoming review and updating of PrivatBank’s long-term foreign currency IDR upon completion of the restructuring of its eurobonds