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27.01.2010
Credit-Rating rates INDUSTRIALBANK JSCB at uaBBB
Credit-Rating, a nationally recognized credit rating agency in Ukraine, has today announced that it assigned a long-term credit rating of uaBBB to the Zaporozhye-based INDUSTRIALBANK JSCB (‘Bank’) with stable outlook. In the course of analysis Credit-Rating considered bank’s financial statements for 2005-2009 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.
Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year.
Factors maintaining the credit rating
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acceptable indicators of capitalization and liquidity.
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adequate performance indicators.
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availability of the branched regional network and developed card segment that enables to keep the client base and competitive positions.
Factors constraining the credit rating
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concentration of the loan portfolio on the bank’s key borrowers that stipulates the bank’s dependency on financial positions of its largest clients and may negatively affect bank’s liquidity and capitalization.
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concentration of the bank’s resource base on key creditors that limits financial flexibility and increases the liquidity risk.
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unbalance of the assets and liabilities on redemption terms.
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impact of external factors on the financial market and decrease in business activities in certain industries that resulted in worsening of the borrower’s paying capacity and negatively affected the bank’s financial indicators.
Information on all credit ratings assigned in accordance with the National Rating Scale may be found in REUTERS and BLOOMBERG Information Systems.
For more information, please contact:
Information and
analytic department
Sergey Rozumyak +38044490 25 50
SRozumyak@credit-rating.com.ua
Denis
Rudenko
DRudenko@credit-rating.ua
