OREANDA-NEWS. December 21, 2010. Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it upgraded to uaBBB from uaBBB- (uaBBB minus) the long-term credit rating assigned to Donetsk-based Ukrainian Business Bank PJSC (‘bank’). The outlook on the rating is stable. To revise the rating Credit-Rating considered bank’s financial statements for 2009 and 9M2010 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

Bank’s sufficient capitalization and liquidity ratios.

Balanced assets and liabilities by their due terms.

Adequate bank’s performance efficiency indicators.

Factors constraining the credit rating

Concentrations in the loan portfolio relatively to 1st Tier capital, which may negatively affect bank’s liquidity and capitalization.

Concentrations of the bank’s resources by major creditors, which constrains bank’s financial flexibility.

Retaining adverse environment in the financial market and real sector of economy which may undermine solvency of bank’s borrowers and weigh on bank’s financial indicators.