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Raiffeisen Bank International: Moody´s Downgrades Ukrainian Subsidiary
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Due to the political instability, the U.S. rating agency lowers the rating of Aval Bank, the Ukrainian affiliate of Austrian RBI (Raiffeisen Bank International).
Raiffeisen Bank International: Moody´s Downgrades Ukrainian Subsidiary / Picture: © Vindobona.org
Already last week, the sovereign debt rating was cut. The outlook is negative. According to Moody´s, the political instability may trigger a liquidity crisis.
As a result, the political crisis in the Ukraine also affects the banking sector. Today, the U.S. rating agency Moody´s has reviewed the ratings of twelve Ukrainian banks. Ten Ukrainian banks obtained worse…
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