OREANDA-NEWS. January 18, 2011. Moody’s Investors Service changed the Outlook on Ukreximbank D- financial strength rating (BFSR) and Ba3 local-currency deposit rating to Stable from Negative.

Moody’s Investors Service emphasized on the stabilisation of Ukreximbank credit profile, reflected by “(i) the gradual recovery of the Ukrainian economy; (ii) strong capital adequacy, following large-scale capital injections from the government in 2009 and 2010; (iii) the bank's enhanced position in the country's lending and deposit-taking markets and some stabilisation of asset quality in H2 2010, which combined with the bank's improving net income should ensure that Ukreximbank remains well-capitalised in the medium term.”

According to Moody’s, Ukreximbank D- BFSR is supported by its leading market position as the second-largest bank in Ukraine with strong capitalization and developed corporate franchise.

Moody’s also reaffirmed that “The B3 foreign-currency deposit and B1 foreign-currency debt ratings are constrained by the country ceilings for Ukraine”.