OREANDA-NEWS. December 21, 2010. Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it upgraded to uaBBBplus(uaBBB plus) from uaBBB the long-term credit rating assigned to Zaporizhzhia-based INDUSTRIALBANK JSCB (‘bank’). The outlook on the rating is stable. To revise the rating Credit-Rating considered bank’s financial statements for 2008-2009 and 9M2010 and its other inside information.

An obligor or a debt liability with uaBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions. A plus "plus" and a minus "-" signs indicate intermediary categories compared to the standard categories (grades).

Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year.

Factors maintaining the credit rating

Bank’s acceptable liquidity and capitalization ratios.

Sufficient figures of the bank’s performance indicators.

Bank’s assets and liabilities are properly balanced by their due terms.

The bank operates a wide-spread branch network and developed card segment, which contributes to maintaining its clientele and competitive standing.

Factors constraining the credit rating

Concentrations in the loan portfolio, which makes the bank dependent upon financial state of its biggest clients and may negatively affect bank’s liquidity and capitalization.

Concentrations in the resource base by major creditors, which constrains bank’s financial flexibility and raises the liquidity risk.

Eroded quality of the loan portfolio.

Impact of external factors on the financial market accompanied by subsided business activities in the economy, which have undermined borrowers’ solvency and negatively affect bank’s key figures.