|S&P affirms 'CCC+/C' credit ratings on PrivatBank, stable outlook|
Journal Staff Report
S&P Global Ratings on April 10 affirmed its 'CCC+/C' long- and short-term issuer credit ratings on Ukraine-based PrivatBank. The outlook was stable. "The affirmation reflects our view that PrivatBank's creditworthiness remains vulnerable, despite its nationalization, and that the bank depends on favorable business, financial, and economic conditions to meet its financial commitments," S&P said.