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13.04.2007
«BM Bank» assigned uaBBB credit rating
"Credit-Rating", a nationally-recognized credit rating agency in Ukraine has today announced the assignment of the uaBBB long-term credit rating to Kiev-based "BM Bank" LLC (the Bank). In the course of analysis "Credit-Rating" used Bank`s financial statements for 9M2006 as well as other inside information furnished by the Bank.
The uaBBB issuer rating reflects Bank`s adequate capacity to timely and in full meet its commitments on the obligations in the Ukrainian financial market environment. There is, though, a higher vulnerability to the effect of adverse changes in business, financial and economic conditions as compared to obligors with higher ratings. The "+" and "-" modifiers denote rating`s relative status within major categories.
Factors maintaining the credit rating
- The main Bank`s owner is the Russia-domiciled "Bank Moskvy" ("Bank of Moscow") OJSC, which is one of the 5 biggest banks in Russia.
Factors constraining the credit rating
- The Bank has operated over 9 months of 2006, which prevents from forecasting Bank`s development.
- Legislative and political risks the "Bank Moskvy" OJSC cannot control and which impacts cannot be forecast by its management.
Information on all the credit ratings assigned in accordance with the Ukrainian national scale may be found in the REUTERS and BLOOMBERG information systems.
For further information, please contact:
Information and analytic department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
