KYIV, Aug 31 - Moody's Investors Service has taken rating actions on six Ukrainian banks. These follow the recent improvement in the creditworthiness of the Government of Ukraine, reflected in Moody's upgrade of Ukraine's sovereign bond rating to Caa2, with a positive outlook, from Caa3 (stable outlook) on August 25,2017, Moody's said in a press release on Wednesday.

According to the document, Moody's upgraded the long-term Local Currency (LC) deposit ratings of PrivatBank, Oschadbank, Ukreximbank and Prominvestbank to Caa2 with a positive outlook from Caa3, PrivatBank and Oschadbank's Counterparty Risk Assessment upgraded to Caa1(cr) from Caa3(cr) and Ukreximbank and Prominvestbank to Caa1(cr) from Caa2(cr). Outlook is stable.