LONDON, Sept. 25 – Nine Ukrainian banks, including Swedbank, Forum, ProCredit, VTBU, UkrSib, Ukrsots and Pravex, had their outlook revised to ‘negative’ from ‘stable’ by Fitch Rating, following a similar action on the sovereign.
The change in Outlooks for Oschadny and Ukreximbank, the two 100% state owned banks, reflects the increased likelihood of a deterioration in the government's ability to provide support in case of need.
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