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MOODY’S boosts Pivdenny Bank rating

18/ 06/ 2020
  MOODY`S International Rating Agency increased all the positions of the Pivdenny Joint-Stock Bank rating assessment by one step, including the basic assessment of the bank’s creditworthiness (caa1 → b3). The forecast is stable. This was reported in a press release issued by the agency. This is the maximum possible value for the Ukrainian bank under the existing sovereign rating of the country, which was also revised one step up (Саа1 → b3). The agency noted a stable level of profitability, sufficient capital reserves, a significant liquidity buffer and low dependence on interbank resources. The revision of the rating confirms the increase in the banks financial stability. Pivdenny Bank complies with all economic standards of the NBU and continues to increase capital adequacy. As of 1 June 2020, the regulatory capital adequacy ratio is 14.2 % (regulatory value – 10 %), and the fixed capital adequacy ratio is 11.1 % (regulatory value – 7 %).

MOODY`S International Rating Agency increased all the positions of the Pivdenny Joint-Stock Bank rating assessment by one step, including the basic assessment of the bank’s creditworthiness (caa1 → b3). The forecast is “stable“.

This was reported in a press release issued by the agency.

This is the maximum possible value for the Ukrainian bank under the existing sovereign rating of the country, which was also revised one step up (Саа1 → b3).

The agency noted a stable level of profitability, sufficient capital reserves, a significant liquidity buffer and low dependence on interbank resources.

The revision of the rating confirms the increase in the bank’s financial stability.

Pivdenny Bank complies with all economic standards of the NBU and continues to increase capital adequacy. As of 1 June 2020, the regulatory capital adequacy ratio is 14.2 % (regulatory value – 10 %), and the fixed capital adequacy ratio is 11.1 % (regulatory value – 7 %).

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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