KYIV, Nov 28 – Moody's Investors Service has affirmed the ratings, baseline credit assessments (BCAs), adjusted BCAs and counterparty risk assessments (CR Assessment) of seven Ukrainian banks (PrivatBank, Oschadbank, Ukreximbank, Raiffeisen Bank Aval, Pivdenny Bank, Sberbank, Prominvestbank) and changed the outlook on the long term local (LC) and foreign-currency (FC) deposit ratings and where applicable senior unsecured debt ratings to positive from stable," the agency said on its website.

"Ukrainian banks' funding conditions improved in recent years and will remain stable over the next 12-18 months, supported by growing deposits (84% of total liabilities as of October 1, 2019), ongoing gradual de-dollarization (the share of FC deposits moderated to 41% at October 1, 2019 from 58% at the end of 2014) and reduced reliance on market funding: Ukrainian banks' external debt declined to around $5 billion as of June 30, 2019, compared to $19 billion at the end of 2014," according to the document.