Fitch: the default of the Ukrainian PrivatBank and Oschadbank almost inevitable
MOSCOW, 10 Jul - RIA Novosti/Prime. International rating Agency Fitch downgraded the Issuer default ratings in foreign currency Ukrainian PrivatBank, owned by oligarch Igor Kolomoisky, and state-owned Oschadbank to pre-default " C " to " CCC " and " CC " respectively, according to a news Agency. Both banks are among the three largest in Ukraine.
"The downgrade of the long-term ratings reflects Fitch's view that default 2 credit institutions Eurobonds is now almost inevitable," - said in the report.
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