KIEV, July 4 -- Moody's Investors Service has upgraded the long-term global scale local currency deposit and senior unsecured debt ratings of Pravex-Bank to Ba2 from B2.

The rating agency also upgraded the bank's long-term national scale rating ("NSR") to Aa1.ua from A3.ua.

Moody's affirmed Pravex-Bank's E+ bank financial strength rating ("BFSR") and the Not Prime short-term ratings. The bank's B2 foreign currency deposit rating was also affirmed but remains on review for possible upgrade. It is constrained by Ukraine's B2/Not Prime ceiling for such deposits, which currently is on review for possible upgrade; as a result, this rating would move in tandem with the foreign currency deposit ceiling. The outlook on all of the bank's other ratings is stable.