OREANDA-NEWS  On 05 November Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it has placed on Rating Watch List with negative outlook the long-term investment-grade rating of uaBBB assigned to Kiev-based National Credit Joint-Stock Commercial Bank (`bank`).

This action was prompted by significant aggravation of the bank`s liquidity indicators in the adverse market environment, the appointment by the NBU the temporary administration at Prominvestbank JSCB (which is the principal shareholder of the bank), and opacity in trends of bank`s further development.

The Rating Watch List is intended for informing the financial market participants about possible changes of ratings in short-term prospective. The rating placed on RWL denotes that Credit-Rating is currently considering its change as a result of events or ongoing negative trends, which may negatively affect creditworthiness of a rating`s bearer.

Negative outlook indicates that there is a possibility to downgrade the rating in the course of the year, on condition that negative tendencies are retained and current risks are realized.