Ukraine's Prominvestbank assigned 'E+' bank financial strength rating - Moody's |
|
|
|
Published
:
Wed, 14 Nov 2007 13:14
|
MUMBAI (Thomson Financial) - Moody's Investors Service said it has assigned an 'E+' bank financial strength rating with a stable outlook to Prominvestbank reflecting its strong position in the corporate segment offering good prospects for cross-selling and its overall market share as one of the top five banks in Ukraine's fragmented market.Moody's said the ratings also reflect the bank's broad national coverage supported by its leading positions in payment cards and its good profitability.The ratings agency said it has also assigned 'Ba2' and 'Not Prime' long-term and short-term local currency deposit ratings and 'B2' and 'Not Prime' long-term and short-term foreign currency deposit ratings.Moody's added, it has assigned 'B2' long-term foreign currency deposit rating with a positive outlook, reflecting the positive outlook on Ukraine's country ceiling for such deposits.The ratings agency, however, said it remains cautious that Prominvestbank's bank financial strength rating remains constrained by corporate governance issues such as 'key man risk' with no apparent successor and its not entirely transparent ownership structure.Moody's said it was also cautious on the bank's limited strategic and competitive agility given the growing competition in the market, which has already led to an erosion of the bank's market share and its relatively high credit risk concentration.tfn.newsdesk@thomson.comsim/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2251.69 |
-12.87 (
-0.56 %)
|
| SYMBOL (
2010-07-29 ) |
| LAST |
CHANGE
|
|
KAZAKHMYS
(
11:37am )
|
|
1220.00 |
+23.00 (
1.91 %)
|
|
LONMIN
(
11:35am )
|
|
1580.00 |
+21.00 (
1.35 %)
|
|
SHIRE
(
11:35am )
|
|
1490.00 |
+21.00 (
1.43 %)
|
| SYMBOL (
2010-07-29 )
|
| LAST |
CHANGE
|
|
DUPONT
(
4:00pm ) |
|
40.51 |
+0.24 (
0.59 %)
|
| SYMBOL (
2010-07-29 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Russia's National Standard Bank assigned 'B3/NP' ratings - Moody's 