KIEV, Feb. 15 - S&P Global Ratings has designated the banking system of Ukraine a highest-risk system under its Banking Industry Country Risk Assessment (BICRA).

"The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of '10' [the highest-risk systems], despite some improvements in the macroeconomic environment in 2016 and expected further improvements in 2017," S&P said.