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S&P: Ukraine-Based PrivatBank Ratings Revised To 'SD' On Loan Participation Notes Bail-In

January 11, 2017

S&P Global Ratings today revised its counterparty credit ratings on Ukraine-based PrivatBank to 'SD' (selective default) from 'R'.

The rating action follows the Deposit Guarantee Fund's announcement that PrivatBank's three outstanding loan participation notes have been bailed in following the placing of the bank under temporary administration in late December 2016.

Company — PrivatBank