This decision was made following the recent increase in the sovereign rating of Ukraine. The agency reports that Ukraine's credit rating is raised by one step, from Caa3 to Caa2.

At the same time, Moody's changed the outlook from "stable" to "positive". The upgrade of Ukraine's sovereign rating to Caa2 is based on the following key factors: the cumulative impact of structural reforms that, if stable, are expected to improve the dynamics of public debt, On the international arena, "the message says..

The agency also noted that the positive outlook reflects the momentum of the reforms and if it continues, this could lead to further improving the reliability of Ukraine's domestic and foreign debt.

At the same time, the Moody's website says that, among other things, the rating of the nationalized PrivatBank, the state-owned Oschadbank and Ukreximbank has been upgraded to the level of Caa2 with a positive outlook..

The rating of Raiffeisen Bank Aval has also been raised to the level of Caa1 with a positive outlook, Pivdenny Bank to Caa3 with a positive outlook, Prominvestbank to Caa2 with a stable outlook.

Recall, as reported URA-Inform, the National Bank of Ukraine allowed banks to issue loans in hryvnia against foreign currency security.