...JSC State Savings Bank of Ukraine (Oschadbank)'s Long-Term Foreign Currency (LTFC) Issuer Default Rating (IDR) reflects Fitch Ratings' view that a default on senior FC third-party, non-government obligations remains a real possibility due to the war. The bank maintains generally adequate FC liquidity, helped by various regulatory capital and exchange controls that have been in place since the outbreak of the war to reduce the risks of deposit and capital outflows and maintain stability and confidence in the banking system. The bank's Long-Term Local Currency (LTLC) IDR is one notch above the LTFC IDR, reflecting limited regulatory constraints on LC operations. Its Viability Rating (VR) reflects the high risk to its standalone profile caused by the war and that failure remains a real possibility for the bank. Challenging Operating Environment: Operating conditions for Ukrainian banks remain challenging, as reflected in our operating environment assessment of `ccc'. Continued international...
