Ukreximbank: Update to credit analysis

Ukreximbank: Update following change of outlook to stable from negative - Credit Opinion – 2024/03/12 – US$ 250.00 – ...Ukreximbank's Caa3 long-term deposit ratings reflect the bank's Baseline Credit Assessment (BCA) of ca, which is constrained by a challenging operating environment and the sovereign rating. We do not incorporate any uplift for government support from the Government of Ukraine (Ca stable), because the BCA is at the same level as the sovereign rating. While high solvency risks have been captured in the Ukreximbank's BCAs of ca, the risks for depositors and senior creditors are somewhat offset by the bank's still sufficient liquidity. As a result, the expected loss on the bank's deposit and debt obligations remains compatible with a Caa3 rating level, one notch higher than BCA. Because of the highly volatile economic and financial situation in Ukraine, the historic financial indicators of Ukreximbank provided in this report are of limited analytical value....

Ukreximbank: Update following rating action - Credit Opinion – 2023/02/22 – US$ 250.00 – ...Ukreximbank's Caa3 long-term deposit ratings reflect the bank's Baseline Credit Assessment (BCA) of ca, which captures our view that a protracted military conflict could further negatively impact Ukraine's economic conditions, heightening liquidity challenges and asset risks in the banking system and severely disrupting the banks' operating environment. We do not incorporate any uplift for public support from the Government of Ukraine (Ca stable), because the BCA is at the same level as the sovereign rating. While high solvency risks have been captured in the Ukreximbank's BCAs of ca, the risks for depositors and senior creditors are somewhat offset by the bank's still sufficient liquidity. As a result, the expected loss on the bank's deposit and debt obligations remains compatible with a Caa3 rating level, one notch higher than BCA. Because of the highly volatile economic and financial situation in Ukraine, the historic financial indicators of Ukreximbank provided in this report are of...

Moody's downgrades Ukreximbank's BCA to ca, affirms deposit and senior unsecured debt ratings at Caa3; outlook negative - Rating Action – 2022/12/07 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Ukreximbank: Update to credit analysis - Credit Opinion – 2022/11/30 – US$ 250.00 – ...Ukreximbank's Caa3 long-term deposit ratings reflect the bank's Baseline Credit Assessment (BCA) of caa3 and captures our view that a protracted military conflict could further negatively impact Ukraine's economic conditions, heightening liquidity challenges and asset risks in the banking system and severely disrupting the banks' operating environment. We do not incorporate any uplift for public support from the Government of Ukraine (Caa3 negative), because the BCA is already at the same level as the sovereign rating. Russia's military invasion of Ukraine has a severe impact on Ukraine's economic conditions and banks' operating environment. We expect that the economy will contract significantly in real terms this year, leading to acute solvency risks for the banks. To contain the deposit outflows from the banking system, the National Bank of Ukraine (NBU) has instituted limits on withdrawals of hryvna and foreign-currency (FX) funds from banks, and introduced restrictions on FX cross-border...

Ukreximbank: Update following ratings downgrade, outlook changed to negative - Credit Opinion – 2022/05/27 – US$ 250.00 – ...Ukreximbank's Caa3 long-term deposit ratings reflect the bank's Baseline Credit Assessment (BCA) of caa3 and captures our view that a protracted military conflict could further negatively impact Ukraine's economic conditions, heightening liquidity challenges and asset risks in the banking system and severely disrupting the banks' operating environment. We do not incorporate any uplift for public support from the Government of Ukraine (Caa3 negative), because the BCA is already at the same level as the sovereign rating. Russia's military invasion of Ukraine will have a severe impact on Ukraine's economic conditions and banks' operating environment. We expect that the economy will contract significantly in real terms this year, leading to acute liquidity and solvency risks for the banks. To contain the deposit outflows from the banking system, the National Bank of Ukraine (NBU) has instituted limits on withdrawals of hryvna and foreign-currency (FX) funds from banks, and introduced restrictions...

Ukreximbank: Update following ratings downgrade - Credit Opinion – 2022/03/25 – US$ 250.00 – ...Ukreximbank's Caa2 long-term deposit ratings reflect the bank's Baseline Credit Assessment (BCA) of caa2. We do not incorporate any uplift for public support from the Government of Ukraine (Caa2 on review for downgrade), because the BCA is already at the same level as the sovereign rating. The review for downgrade on Ukreximbank's ratings captures our view that a protracted military conflict could further negatively impact Ukraine's economic conditions, heightening liquidity challenges in the banking system and severely disrupting the banks' operating environment. Russia's (Ca negative) military invasion of Ukraine will have a severe impact on Ukraine's economic conditions and banks' operating environment. We expect that the economy will contract significantly in real terms this year, leading to acute liquidity and solvency risks for the banks. To contain the deposit outflows from the banking system, the National Bank of Ukraine (NBU) has instituted limits on withdrawals of hryvna and foreign-currency...