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Moody's rates 12 Ukrainian banks and 1 leasing company.

February 6, 2014

Moody's has taken rating actions on 12 Ukrainian banks and one leasing company, Moody's said. The actions followed the downgrade of Ukraine's government bond rating to Caa2 from Caa1. At the same time, the rating agency has downgraded the foreign-currency deposit rating of 12 Ukrainian banks due to the lowering of the country ceiling on foreign-currency deposit ratings. Negative outlooks have been assigned to all affected banks' ratings. In particular, the agency confirmed long-term local-currency deposit rating of Caa1 and downgraded long-term foreign-currency deposit rating to Caa3 from Caa2 of Privatbank OTP Bank ( Ukraine ): long-term local-currency deposit rating of Caa1 confirmed; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR of Ba3.ua confirmed. Ukreximbank: long-term local-currency deposit rating downgraded to Caa2 from Caa1; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2. Raiffeisen Bank Aval : long-term local-currency deposit rating of Caa1 confirmed; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR of Ba3.ua confirmed. Subsidiary Bank Sberbank of Russia : long-term local-currency deposit rating of Caa1 confirmed; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR of Ba3.ua confirmed. First Ukrainian International Bank : long-term local-currency deposit rating downgraded to Caa2 from Caa1; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR downgraded to B3.ua from Ba3.ua. Pivdennyi Bank : long-term local-currency deposit rating downgraded to Caa2 from Caa1; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR Deposit rating and MTN program downgraded to B3.ua from Ba3.ua. Savings Bank of Ukraine : long-term local-currency deposit rating downgraded to Caa2 from Caa1; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR downgraded to B3.ua from Ba3.ua. Credit Dnepr Bank : long-term local-currency deposit rating downgraded to Caa2 from Caa1; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR downgraded to B3.ua from Ba3.ua. Prominvestbank : long-term local-currency deposit rating of Caa1 confirmed; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR of Ba3.ua confirmed. VAB Bank : long-term local-currency deposit rating downgraded to Caa2 from Caa1; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR downgraded to B3.ua from Ba3.ua. Bank Finance And Credit: long-term local-currency deposit rating of Caa2 (on review for downgrade) unaffected; long-term foreign-currency deposit rating downgraded to Caa3 from Caa2; NSR of B3.ua unaffected. Raiffeisen Leasing Aval: long-term national scale issuer rating of Ba3.ua confirmed; long-term national scale corporate family rating of Ba3.ua confirmed.


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Source: IntelliNews - Weekly Reports


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