According to the results of survey conducted by First Rating System company in May 2009 in 6 Ukraines biggest cities (Kiev, Dnepropetrovsk, Donetsk, Lviv, Odessa, Kharkiv) there is a need in independent rating of banks strength regarding their deposit reliability...
In Credit-Ratings view, the fact that Ukrainian cities attract borrowed funds for repayment of debts accrued for natural gas supply may prompt uncontrolled rise in debt burden of local budgets. The payment procedures for natural gas has been approved by the Governments decree #392 dated April 22, 2009, according to which the cities should raise special-purpose loans via issuance of exchange bills and further transfer the funds to heat suppliers so that would repay their indebtedness towards NAK Naftogaz...
The economic downturn, which occurred in the majority of Ukraine`s industries in 2H2008, has affected not only cities` current creditworthiness, but has also predetermined in many aspects their capacities to meet the middle- and long-term obligations.
Credit-Rating believes that the local governments will face difficulties associated with discrete continuous financing the expenditure items of the local budgets. Poor intensity of funds incoming to the budgets` revenues as well as increased number of local governments` applications for non-interest treasury loans prompted the fact that the median volume of balances recorded in March and February 2009 decreased by 2...
The banks` key figures, i.e. liquidity, profitability, asset quality have declined drastically in 4Q2008.The outflow of customers` funds has prompted decline in liquidity of banking institutions, with a number of them poised to failure in meeting their obligations...
The National Bank of Ukraine (NBU) has adopted a resolution #49 named Certain Issues Regarding Banks' Activities, under which the regulatory requirements to banking institutions are loosened. In Credit-Ratings view, the resolution may allow the banks to avoid violations of certain NBUs standards (i...
Credit-Rating agency calls the national analysts for more careful views on the situation in the national economy, including the banking sector. Primarily, the matter is about right interpretation of international rating agency`s messages concerning changes in their international ratings assigned to certain financial institutions...
Credit-Rating subscribes to the opinion that more than rapid decline in USD/UAH exchange rate may prompt a number of defaults of Ukrainian companies and banks in the nearest future. The highest exposed are systemic banks and large companies, which have raised large foreign currency-denominated loans...
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it established the Risk Management Department, a special agency`s division, which will furnish consulting services regarding risk management issues. The Department will assist banks, insurance and leasing companies, asset management companies and other market participants in management and assessment of risks...