Credit-Rating notes that the Ukraine's banking system decelerates their growth rates due to turbulence in global financial markets and national economy. Thereat, many banks, mainly those systemic, have faced rising credit and liquidity risks, which were prompted by eroded trust to banking institutions and by devaluation of the national currency...
In order to soften the impact of crisis on market participants, Credit-Rating initiates assignment and following publication of counterparty credit ratings to all of the national companies, which already have bond ratings. The crisis in Ukraine's economy has caused one of the most dangerous developments, which is distrust between market participants...
Credit-Rating notes that decline in indicators of country`s social and economic development, which effects became evident in already 4Q2008, has negative impact on local budget revenues under their high expenditures for financing the budget-funded sector. October and November 2008 saw decrease in the employment rate and cutbacks in workweek at many companies operating in real economy sector...
Credit-Rating agency notes deteriorating environment in foodstuff and non-foodstuff chain retailing due to decreased liquidity of companies operating in the sector. The major peculiarity of chain retailers is their extensive development fueled by borrowed funds, which will result in decreased liquidity of the retailing companies due to dropped growth rates of retailing under limited access to funding...
Credit-Rating has today announced that it revised rating outlooks of a number of companies operating in metallurgy sector. The outlooks on ratings uaBBB assigned to bonds (series C and D) issued by MD Group LLC, on rating uaBBB assigned to bonds (series A) issued by MD Holding LLC, and on rating uaBBB assigned to Zaporizhzhia Ferroalloys Works OJSC, have been revised to negative from stable...
Credit-Rating has today announced that it downgraded credit ratings and revised rating outlooks of companies and their debt issues, which operate in agricultural sector. The issue rating assigned to Insakharprom-K LLC`s bonds (series A) has been downgraded to uaBB from uaBBB-, the outlook remains negative...
Credit-Rating subscribes to the opinion that the global financial crisis negatively affects the banking system, still being deferred for small banks. The low segmentation of the clientele of small banks and loyalty of some customers, which funds often contribute to over a half of their liabilities, which as a rule, are placed in loans granted to a limited number of companies all of that mitigates current risks, which may aggravate under deepened crisis in real economy...
In Credit-Rating`s view the global financial crisis will negatively affect solvency of the companies operating in Ukraine`s agricultural sector. The activities of agricultural companies are of seasonal nature, which mirrors in discrete cash flows from sales...
Credit-Rating believes that the anti-crisis laws adopted by the parliament may contribute to the strengthening of the national economy, yet not being an ultimate remedy. According to Credit-Rating CEO`s Stanislav Dubko, these acts allow for loosening tensions in certain industries and have become an important step for obtaining loans from the IMF...
Credit-Rating notes that the Ukrainian metallurgy sector deteriorates prompted by global financial crisis. This industry is quite vulnerable to the general climate in the economy, since the decrease in pace of economy growth first of all, leads to decline in demand on commodity markets...