KIEV, Dec. 20 - Fitch Ratings has placed Dnipro-based PJSC CB PrivatBank's 'CCC' Long-Term Issuer Default Ratings and senior debt rating on Rating Watch Evolving (RWE), and downgraded its Viability Rating (VR) to 'f' from 'ccc'.

The rating actions follow the announcement on 18 December by the Ukrainian authorities that Privat will be nationalized in order to address its solvency problems.