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AgencyFounded 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. Within its global development strategy, the Agency has launched an office in Belarus, developed regional rating scale for CIS and assigned the sovereign ratings to the governments of 12 CIS member states.To increase transparency and investment attractiveness of national economy, the Agency conducts annual researches of information transparency of Ukrainian banks and insurance companies. In 2010 the agency became a member-founder of European Association of Credit Rating Agencies (EACRA). The agency renders the following services
Pursuant to Resolution #1042 of the State Commission for Securities and Stock Market selected by the authorized rating agency for monthly publishing its assigned and revised ratings are Jornal of the National Commission for Securities and Stock Market (certificate of registration КВ №12082-953 ПР of 11.12.2006) and Credit-Rating Monitor (certificate of registration КВ №12404-1288Р of 22.03.2007) The agency has assigned 1263 ratings, specifically to 906 Ukrainian companies, 277 financial institutions and 80 municipalities. 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:
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. 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: |
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