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12.05.2009
Credit-Rating revises bank deposit ratings
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced the results of revision of 75 bank deposit ratings, which was performed on Apr. 30, 2009. Basing on the analysis of current information on performance of bank institutions the agency has upgraded 1 rating and has downgraded 1 rating too. Credit-Rating has also withdrawn bank deposit ratings of 3 banks.
The majority of the banks (39) demonstrate medium strength of bank deposits bearing rating of `3`. The rating `5` is assigned to 8 banking institutions, with the number of banks rated `4` increased to 11. The strength of bank deposits in 14 banks remain below medium carrying rating of `2` (below medium strength) and of `1` (low strength).
The agency`s methodology envisages constant monitoring the financial state of banks and regular revision of their ratings. Information regarding current bank deposits ratings, which publication has been approved by relevant banks, may be found on Credit-Rating`s website. As of today, 15 banking institutions have given their consent for publication of their bank deposit ratings. The remaining number of unpublished ratings will be revealed upon receive of permissions for publication from corresponding banks.
The bank deposit ratings have dynamic nature and may be revised in case of events and/or changes in bank`s key figures, which may have impact on bank`s capacity to meet its commitments on deposit obligations in a timely manner. Further changes in ratings are contingent upon bank`s ability to maintain its indicators on sufficient level under adverse environment in the country. The rating may also be affected by changes in operating environment, namely regulatory policy, as well as by readiness and ability of the state or bank`s owners to render necessary financial backing.
Information on all credit ratings assigned in accordance with the National Rating Scale may be found in REUTERS and BLOOMBERG information systems.
For more information, please contact:
Information and analytic department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.ua
Denis Rudenko
DRudenko@credit-rating.ua
