Credit-Rating Assigns Ukrgasprombank PJSC uaBBB plus
OREANDA-NEWS. December 27, 2010. Credit-Rating, a nationally recognized credit rating agency in
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
Diversification of the bank’s resource base.
Enhanced equity structure resulting from the fact that the profit earned in previous years has been invested in augmentation of the authorized stock.
Acceptable currency structure of the loan portfolio.
Sufficient liquidity ratio coupled with properly balanced assets and liabilities by their due terms.
Factors constraining the credit rating
Bank’s weak market standing combined with low diversification of revenue sources, which make the bank more vulnerable to credit risk under retaining adverse environment in the national economy.
Concentrations in the loan portfolio by major borrowers, which may negatively affect bank’s liquidity and capitalization.
Low performance efficiency indicators.
Bank’s risk management requires enhancements.
Retaining adverse environment in the financial market and real sector of economy, which may undermine solvency of certain bank’s borrowers and weigh on bank’s liquidity and capitalization ratios.
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