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14.10.2008: Credit-Rating: It`s required the consistency of actions between the regulator and central government authorities for stabilization of the Ukrainian banking system; The adoption of the NBU`s resolution #319 dated October 11, 2008, which imposes restrictions on banks` active operations and early withdrawal of deposits, is one of the necessary steps required for stabilization of Ukraine`s banking system. At the same time Credit-Rating believes that further coordinated actions taken by the President, the Government and the National Bank which are aimed at development and implementation of the counter-crisis strategy are required...

14.10.2008: Credit-Rating: Early elections as a regular challenge for budgetary process in Ukraine; The parliament dissolved weeks before the new budgetary period may drastically hamper proper activities executed by Ukrainian municipalities in 2009, and, according to Credit-Rating`s head for municipal sector Elena Samoylova, `will negatively affect their creditworthiness`...

05.09.2008: Credit-Rating: cutbacks in export to Russia may be partially compensated by trade with WTO member states; Credit-Rating notes that possible Russian Federation`s toughening the terms for import of Ukraine-produced goods may have negative impact on development of certain sectors of the national economy, which are oriented to the Russian market. The most vulnerable to the demand in the Russian market are metallurgy, machine-building and food industries...

01.09.2008: Credit-Rating: National Bank tries to refine the banking assets from non-liquid securities; In Credit-Rating`s view, the NBU`s (National Bank of Ukraine) introduction of changes to the procedure for forming of securities reserves will spur banking institutions to increase their capitalization in order to avoid possible shrinkage in assets. At the same time, the NBU`s introduction of new regulations for calculation of regulatory capital may force many banks to quote securities so that they meet the regulator`s requirements...

29.08.2008: Credit-Rating: Turbulence in financial market abates; According to 2Q2008 results Credit-Rating does not note significant changes in performance of banking institutions rated by the agency, with their key figures remaining on adequate level. However, the agency notes increase in number of banks (to 14 from 12), in which the share of NPLs exceeded 3%...

27.08.2008: Credit-Rating: New program on reforms in utilities sector to be efficient only in a far future; Credit-Rating thinks that in case the program for reforms in Ukraine`s housing and utilities sector to 2012, which draft has been presented in July 2008, is approved, the effects from its implementation may be expected in far future only. This program does not create conditions for enhancements in the industry`s financial and economic state and renovations of its assets...

26.08.2008: Credit rating of the bond issue by Kovalska Plant of Ferro-Concrete Constructions OJSC will not be downgraded; Credit-Rating does not plan to revise credit rating and its outlook assigned to the registered housing bonds issued by Kovalska Plant of Ferro-Concrete Constructions OJSC (`issuer` or `company`) in connection with the order issued by the State Environmental Inspectorate of Kiev on the stoppage of works at a sand pit located near the Southern Bridge in the city of Kiev...

21.08.2008: The Ukrainian dairy industry is gettiing over the difficulties; Credit-Rating believes that the ban introduced on export of dried milk and temporary decrease in the number of Ukrainian exporters of cheese to Russia will not deeply affect the output of dairy products, neither the financial performance of milk-processing companies...

19.08.2008: Credit-Rating: Decline in grain prices temporary; Credit-Rating believes that the decline in grain prices occurred in July-August 2008 was of temporary nature. This plunge was prompted by a number of factors, to name a few large amount of grain stocked (including that obtained from export restrictions during 2007/2008 marketing year), expectation of vast crops in 2008 and lack of working assets for harvest campaign coupled with rise in value of loans...

30.07.2008: Banking institutions` efficiency falls; Credit-Rating notes the falling efficiency of the banking institutions: during 1Q2008 the business efficiency ratio has decreased by 17 percentage points compared to the same period of 2007. The key reason is the outrunning growth of interest expenditures over the revenues due to the increase in resource cost...