|25 november 2015Ukreximbank obtained ratings upgrade from Moody's Investors Service
On November 24, 2015, Moody's Investors Service upgraded long-term LC deposit and FC debt ratings of Joint Stock Company “The State Export-Import Bank of Ukraine” (JSC Ukreximbank) to Caa3 from Ca, outlook stable.
JSC Ukreximbank Baseline Credit Assessment (BCA) implying intrinsic financial strength of issuers subject to extraordinary government support was enhanced to caa3 from ca, entailed by the upgrade of the sovereign rating. BCA upgrade reflected adequate liquidity position and reduction of refinancing risk of Ukreximbank following the recently completed restructuring of Ukrexim outstanding Eurobonds.
Ukrexim FC subordinated debt rating was affirmed at Ca. Constrained by Ukraine FC deposit ceiling of Ca, Ukreximbank long-term FC deposit rating was affirmed at Ca, outlook stable.