Moody's: Changes for Ukraine banks

Moody's Investors Service said it published the rating results for banks in Ukraine as part of the application of its refined joint default analysis and updated bank financial strength rating methodologies.

Moody's said it completed the review on the ratings of 22 Ukrainian banks, with the result being the affirmation of all bank financial strength ratings. However, five Ukrainian banks' deposit, debt or national-scale ratings were upgraded as a result of the banks' improving financial fundamentals and evolving franchises, the agency said and two banks' ratings were downgraded due to their weakening market positions.

The ratings changes include:

Alfa Bank Ukraine's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are upgraded to Ba3/not-prime from B1/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term national-scale rating is upgraded to Aa1.ua from Aa2.ua. The local-currency senior unsecured debt rating is upgraded to Ba3 from B1. The national-scale rating for local-currency debt is upgraded to Aa1.ua from Aa2.ua. The foreign-currency senior unsecured debt rating is upgraded to Ba3 from B1. The outlook on the foreign-currency deposit ratings is positive. The outlook on all other ratings is stable.

Bank Nadra's bank financial strength rating is unchanged at E+. The local-currency deposit ratings assigned are Ba3/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba3 from B1. The outlook is positive.

First Ukrainian International Bank, CJSC's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are upgraded to B1/not-prime from B2/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term national-scale rating is upgraded to Aa2.ua from A1.ua. The foreign-currency senior unsecured debt rating is upgraded to B1 from B2. The outlook on foreign-currency deposit ratings is positive. The outlook on the other ratings is stable.

Forum Bank's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are upgraded to B1/not-prime from B2/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term national-scale rating is upgraded to Aa3.ua from A1.ua. The foreign-currency senior unsecured debt rating is upgraded to B1 from B2. The outlook on foreign-currency deposit ratings is positive. The outlook on the other ratings is stable.

Rodovid Bank's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are unchanged at B3/not-prime. The foreign-currency deposit ratings are unchanged at B3/not-prime. The long-term national-scale rating is upgraded to Baa1.ua from Baa2.ua. The local-currency senior unsecured debt rating is unchanged at B3. The national-scale rating for local-currency debt is upgraded to Baa1.ua from Baa2.ua. The outlook on foreign- and local long-term deposit and debt ratings is positive and is stable on the E+ bank financial strength rating.

Pravex-Bank Joint-Stock Commercial Bank's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are assigned at B3/not-prime. The foreign-currency deposit ratings are downgraded to B3/not-prime from B2/not-prime. The long-term national-scale rating is downgraded to Baa2.ua from A3.ua. The local-currency senior unsecured debt rating is downgraded to B3 from B2. The national-scale rating for local-currency debt is downgraded to Baa2.ua from A3.ua. The outlook is stable.

Bank Finance and Credit Ltd.'s bank financial strength rating is unchanged at E+. The local-currency deposit ratings are assigned at B2/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term foreign-currency senior unsecured debt rating is affirmed at B2. The long-term national-scale rating assigned is A2.ua. The outlook is stable.

Ukreximbank's bank financial strength rating is unchanged at D-. The local-currency deposit ratings are assigned at Baa2/prime-2. The foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency senior unsecured debt rating is unchanged at Ba2. The foreign-currency subordinated debt rating is unchanged at Ba2. The outlook on foreign-currency deposit and debt ratings is positive. The outlook is stable.

Credit Dnepr Bank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are unchanged at B3/not-prime. The long-term national-scale rating is unchanged at Baa3.ua. The local-currency senior unsecured debt rating is unchanged at B3. The national-scale rating for local-currency debt is unchanged at Baa3.ua. The outlook is stable.

DonGorBank, CJCS's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term national-scale rating is unchanged at A3.ua. The national-scale rating for local-currency debt is unchanged at A3.ua. The outlook is stable.

Privatbank Commercial Bank CJSC's bank financial strength rating is unchanged at D-. The local-currency deposit ratings are unchanged at Baa3/prime-3. The foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency senior unsecured debt rating is unchanged at Ba2. The foreign-currency subordinated debt rating is unchanged at Ba3. The national-scale rating is unchanged at Aaa.ua. The outlook on foreign-currency deposit and foreign-currency subordinated debt is positive. The outlook on all other ratings is stable.

Raiffeisen Bank Aval's bank financial strength rating is unchanged at D-. The local-currency deposit ratings are unchanged at Baa1/prime-2. The foreign-currency deposit ratings are unchanged at B2/not-prime. The national-scale rating is unchanged at Aaa.ua. The local-currency senior unsecured debt rating is unchanged at Baa1. The national-scale rating for local-currency debt is unchanged at Aaa.ua. The outlook on foreign-currency deposit ratings is positive. The outlook on all other ratings is stable.

TAS-Investbank's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term national-scale rating is unchanged at A3.ua. The local-currency senior unsecured debt rating is unchanged at B2. The national-scale rating for local-currency debt is unchanged at A3.ua. The outlook on bank financial strength rating is stable. The bank's local-currency deposit and debt ratings and national-scale rating and national-scale rating for local-currency debt remain on review for possible upgrade, while the foreign-currency deposit rating carries a positive outlook.

Ukrsotsbank's bank financial strength rating is unchanged at D-. The local-currency deposit ratings are unchanged at Ba1/not-prime. The foreign-currency deposit ratings are unchanged at B2/not-prime. The long-term national-scale rating is unchanged at Aa1.ua. The local-currency senior unsecured debt rating is unchanged at Ba1. The foreign-currency senior unsecured debt rating is unchanged at Ba3.The outlook on foreign-currency deposit ratings and bank financial strength rating is positive. The outlook on all other ratings is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.