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Moody’s changes outlook on OTP Bank Ukraine to negative from stable

Moody’s Investors Service on Friday said it changed the outlook to negative from stable on the B3 long-term foreign currency deposit rating of OTP Bank Ukraine, a unit of Hungary’s OTP Bank.

Moody’s took the same ratings action for twelve other Ukrainian banks too.

Moody’s rating actions were triggered by the change of outlook to negative from stable on Ukraine’s foreign currency bank deposit ceiling of B3 and the country’s foreign currency bond ceiling of B1.