Moody's affirms Alfa Bank Ukraine

Moody's Investors Service said it affirmed the Ba3 long-term foreign-currency rating of Alfa Bank Ukraine's upcoming senior unsecured notes expected to be issued by Ukraine Issuance plc.

The notes will be issued on a limited recourse basis with the sole purpose of financing senior unsecured loans to Alfa Bank Ukraine.

The outlook is stable.

According to Moody's, the Ba3 rating is based on the fundamental credit strength of the bank and does not incorporate any potential systemic support from the Ukrainian authorities.

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