Agency
Founded
in 2001 Credit-Rating is the first rating agency in
Ukraine committed to assessment of issuer's solvency and to assignment of
credit ratings pursuant to the National rating scale. Since 2003 the agency's
rating estimations have been officially recognized by Ministry of Finance of
Ukraine. Since 2004 Credit-Rating has been an authorized agency of State Commission for
Securities and Stock Market for assigning ratings to economic entities, to industries and
municipalities. Starting from 2007 the agency assigns corporate governance ratings. In
2009 the agency entered the Belarusian market. In 2010 the agency became a member-founder
of European Association of Credit Rating Agencies (EACRA).
The agency renders the following services
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Assignment of credit ratings to companies, banks, insurers, and municipalities according to the National scale, which has been developed specially for credit risk assessment in the Ukrainian market environment.
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Assignment of credit ratings to particular debt obligations (bonds, loans) according to the National scale.
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Corporate Governance Ratings as the rating agency’s independent evaluation of a company’s existing corporate governance system.
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Bank Deposit Ratings showing the agency’s independent opinion of a bank’s capability to fulfill undertaken obligations to return deposits within the next 12 months timely and in full.
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Insurer Strength Ratings has been developed specially for the insurance service users with the purpose to increase their awareness of insurers’ reliability.
Pursuant to Ordnance #1042 of the State Commission for Securities and Stock Market of Ukraine, a printed media chosen by the authorized rating agency for monthly publishing of issued and reviewed credit ratings is Credit-Rating Monitor (registration certificate KB #12404-1288P of March 22, 2007).
Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1081 ratings, specifically to 844 Ukrainian companies, 176 financial institutions and 61 municipalities and their debts, 1 corporate governance rating, 83 bank deposit ratings and 2 insurer strength ratings.
As of April 1, 2010 Credit-Rating maintains monitoring of 646
ratings, in fact 502 of corporate, 98 of financial and 46 of municipal sectors and 58
bank deposit ratings and 2 insurer strength ratings.
Rating services
Credit rating is a universal instrument of credit risk assessment. It empowers a company to show potential investors and existing partners its solvency and readiness to work openly and transparently.
There are two types of credit ratings: issuer credit rating (assigned to enterprises, banks, insurance companies, local authorities) and issue credit ratings (assigned to bonds, loans, etc.).
Credit rating allows:
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to strengthen relations with all types of contractors
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to be distinguished among other Ukrainian enterprises and to attract investors
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to show efficient financial performance without divulging any confidential information
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to place bonds or other debt instruments on the best terms
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to create a positive track record and financial reputation
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to diversify debt instruments and to reduce their servicing cost
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to assess your performance efficiency
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to determine key strategic factors affecting the obligor's solvency
A credit rating by the National Rating Scale is neccessary to be used by obligors in the national market. The principal advantage of an international credit rating - a comparability of credit risks by all obligors irrespectively of their domiciles - becomes a disadvantage in emerging markets since the international rating assigned to an obligor (issuer) may not be higher than the sovereign rating of the obligor's domicile.
Today the Ukraine's sovereign ratings remain low pertaining to the speculative grade and high international credit ratings are inaccessable for Belarusian obligors. This results in the fact that investors operating in the national market cannot employ international credit ratings efficiently. This may only be possible by using ratings of the National rating scale, which are assigned in its full range - from the highest (for the most reliable obligors in the national market) to the lowest (for the weakest obligors).
Credit-Rating is an independent private company. It does not incorporate governmental departments, financial institutions neither investment companies. To remain unbiased, the agency does not act as a participant of financial market or a creditor of the companies rated.
Credit-Rating is a member of Ukrainian Chamber of Commerce and Industry, of Kyiv Chamber of Commerce and Industry and of American Chamber of Commerce in Ukraine.
Further information may be obtained in the agency's
office:
72, Verkhniy Val str., Kiev 04070
Commercial
Department
ph. (+380 44) 490-64-77
(+380 44) 490-25-50, ad.111
fax (+380 44) 490-25-54;
E-mail: Clients@credit-rating.com.ua
Information and Communication Department
ph. (+380 44) 490-25-50, ad. 170
E-mail: MProtsenko@credit-rating.com.ua
