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Finance & Banking 1 min read Source: Електронні Вісті

Fitch Ratings Agency downgrades forecast for Ukrainian banks

Fitch Ratings Agency downgrades forecast for Ukrainian banks
photo Електронні Вісті

The international rating agency Fitch Ratings changed the forecast for the banking sector to " This is stated in the press release of the agency..

Fitch analysts believe that economic pressure due to the spread of coronavirus and lower oil prices is a negative factor for banks in Ukraine and neighboring countries. This may lead to negative rating actions..

“The degree of pressure on banks will depend on the extent and duration of the economic downturn, specific risks for national economies and external financing (for example, lowering oil prices, tourism revenues or remittances), political measures by national authorities and business profiles of individual banks,”. It is reported by LIGABusinessInform.

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