KYIV, Nov 1 - Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Rating (IDR) of PJSC CB PrivatBank (Privat) to 'B-' from 'RD' (Restricted Default). The Outlook on the Long-Term IDR is Stable.

Fitch said in a press release that the Long-Term Local Currency IDR was upgraded to 'B-' from 'CCC'. The Outlook is Stable. The Local Currency IDR, which had been on Rating Watch Evolving (RWE), was not downgraded to 'RD' prior to the upgrade.