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02.10.2009
Credit-Rating revises a number of Bank Deposit Ratings
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it revised a number of its bank deposit ratings (‘BDR’), which have been assigned to certain Ukrainian banks.
Basing on the current information regarding the banks’ activities Credit-Rating has suspended BDR of 1 banking institution. The BDRs assigned to other banks have been affirmed at their present levels.
The majority of the banks (28) represent average strength of deposits bearing rating ‘3’. The BDR of ‘5’ (the highest strength) is assigned to 8 institutions, with the number of banks carrying rating’4’ (high strength) recorded at 13. The strength of deposits in 1 bank is below average carrying rating ‘2’.
The Credit-Rating’s methodology envisages a constant monitoring of the financial state of institutions and regular revision of their ratings. The information on current BDRs, no which Credit-Rating obtained bank’s approval for publication may be found in the agency’s web-site. As of today, the information on their BDRs was approved for publishing by 17 banking institutions. The rest of the ratings will be published once the approval from a bank has been received.
The bank deposit ratings have dynamic nature and may be revised following events and/or changes in indicators of bank’s performance, which may affect the bank’s capacity to make timely and full payments on its deposits. Further change of the rating is contingent upon bank’s capacity to maintain its indicators on a sufficient level under adverse economic environment in the country. The rating is also considerably affected by changes in operating environment, namely regulator’s policy affecting the banking sector, and willingness and ability of the state or owners to furnish necessary backing to the institution.
As of today Credit-Rating maintains monitoring of BDRs assigned to 50 Ukrainian banks. Apart of that, the agency maintains 78 credit ratings assigned to banking institutions and their debts, with 29 of these ratings carrying negative outlook, 8 placed on Rating Watch List, 3 ratings carrying positive outlooks, and 2 ratings carrying developing outlook.
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 +38044490 25 50
SRozumyak@credit-rating.com.ua
Denis
Rudenko
DRudenko@credit-rating.ua
