KYIV, July 19 – Fitch Ratings has affirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of the following four Ukrainian state-owned banks at 'B-' with stable outlooks: PrivatBank, Oschadbank, Ukreximbank, and Ukrgasbank, according to a report on the agency's website.

"The banks' Long-Term IDRs are driven by their standalone creditworthiness as defined by their Viability Ratings (VRs) of 'b-'. The IDRs are also underpinned by their Support Rating Floors (SRFs) of 'B-', which reflects Fitch's view of potential state support for these banks, if required. The banks' National Long-Term Ratings of 'AA(ukr)' reflect their creditworthiness relative to peers within Ukraine," it says.