Moody's confirms Alfa Bank

Moody's Investors Service said it has confirmed Alfa Bank Ukraine's long-term local and foreign currency deposit and senior unsecured debt ratings of Caa1, as well as its national-scale rating of Ba3.ua.

The bank's not prime short-term deposit ratings and E bank financial strength rating were affirmed, the agency added.

Following the confirmation of the ratings, Moody's said it assigned a negative outlook on Alfa Bank Ukraine's deposit and debt ratings, while the outlook on the bank financial strength rating remains stable.

Moody's said the rating action follows the successful completion of the debt exchange offered by Alfa Bank Ukraine to the holders of its eurobonds.

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