Standard & Poor’s оценил кредитоспособность ПриватБанка выше Украины
Standard & Poor’s сохранил оценки собственной кредитоспособности ПриватБанка SACP на уровне (“b+”), что на 3 значения выше суверенного рейтинга Украины. При этом, долгосрочный рейтинг банка, согласно методологии S&P, был снижен вслед за суверенным рейтингом, до уровня “CCC+” с негативным прогнозом из-за угрозы политической нестабильности в стране.
Международное рейтинговое агентство Standard & Poor's подтвердило оценки собственной кредитоспособности украинского ПриватБанка (SACP) на уровне «b+», что на 3 позиции выше суверенного рейтинга. Как сообщается в пресс-релизе агентства, оценка собственной кредитоспособности ПриватБанка отражает его доминирующее положение на украинском рынке и среди крупнейших банков СНГ, высокое качество активов и «адекватные» показатели ликвидности, а также устойчивые позиции на рынке и низкую степень влияния государственных финансов.
Уровень долгосрочного кредитного рейтинга ПриватБанка по методологии Standard & Poor's сдерживается уровнем суверенного кредитного рейтинга Украины по обязательствам в иностранной валюте на уровне "ССС+", установленном 28 января 2014 года. В то же время, в сообщении агентства говорится, что политическая ситуация пока не оказала заметного влияние на банки, их показатели финансирования и ликвидности. В частности, финансовые показатели ПриватБанка - ликвидности, капитализации и качества активов, остаются стабильными несмотря на затянувшуюся неопределенность и слабую экономическую среду в Украине.
А так в целом ноу-хау мирового уровня!
"ХАБАД - иудео-нацистская ультраортодоксальная секта, известная как движение Хабад-Любавич
Секта возникла в XVIII веке на стыке границ трех славянских государств - России, Украины и Белоруссии - в местечке Любавичи (в то время территория Украины, а ныне Смоленская область России). Появление Хабада, по утверждению идеологов секты, было ответом на гонения со стороны Богдана Хмельницкого."
"В начале 30-х годов XX века Иосиф Сталин выслал Хабад за пределы СССР как фашиствующую секту, притом, что традиционный иудаизм продолжал существовать на советской территории."
Сейчас один из трёх основных мировых центров Хабада находится в Днепропетровске, там-же самая большая в мире синагога.
Research Update: Ratings On Three Ukrainian Banks Lowered To 'CCC+' After Ukraine Downgrade; Outlooks Are Negative
On Jan. 28, 2014, we lowered our foreign currency sovereign ratings on
Ukraine to 'CCC+/C' from 'B-/B' and assigned a negative outlook. We believe that the three banks we rate in Ukraine--PrivatBank, Alfa-Bank
Ukraine, and Kredobank--remain highly exposed to the unstable domestic
economic and political environment and that Ukraine's sovereign risks
will continue to strongly influence the banks' creditworthiness.We are therefore lowering our long-term ratings on the three banks to
'CCC+' from 'B-' and affirming our 'C' short-term ratings. We are also
lowering our Ukraine national scale ratings on Kredobank and Alfa-Bank
Ukraine to 'uaBB-' from 'uaBBB-'. The negative outlooks on PrivatBank, Alfa-Bank Ukraine, and Kredobank
reflect our outlook on Ukraine and the risk of further weakening in their
financial profiles, particularly their capitalization and liquidity, if
Ukraine's political landscape remains unstable and economic prospects
deteriorate further.
Rating ActionOn Jan. 30, 2014, Standard & Poor's Ratings Services lowered its long-term
counterparty credit ratings on three Ukraine-based banks--PrivatBank, Alfa-Bank
Ukraine, and PJSC KREDOBANK--to 'CCC+' from 'B-'. The outlooks on the three
banks are negative. We also affirmed our 'C' short-term counterparty credit
ratings on these banks. At the same time, we lowered the Ukraine national
scale ratings on Kredobank and Alfa-Bank Ukraine to 'uaBB-' from 'uaBBB-'.
RationaleOur downgrades of the three banks follow a similar action on Ukraine (see "
Foreign Currency Ratings On Ukraine Lowered To 'CCC+/C' On Political Turmoil;
Outlook Negative," published Jan. 28, 2014, on RatingsDirect).
We view the sovereign's creditworthiness as the major risk factor for
Ukrainian banks because of their high operational, funding, and asset exposure
to the domestic economy. The escalation of the political turmoil in Ukraine
makes the expected financial support package from Russia less certain, in our
opinion, if the government of President Yanukovych falls. We believe Ukraine
is currently vulnerable to, and dependent on, favorable political and economic
developments to service its debt obligations.
This political instability, coupled with very weak economic prospects,
increases risks for the banking sector, which is by nature
confidence-sensitive. Still, under our base case scenario, we expect that the
Ukrainian hryvnia (UAH) will gradually stabilize against the dollar at a rate
of about UAH8.5:US$1. A sharper devaluation would likely hurt the banks'
already fragile asset quality and capital. We understand that the political
turmoil so far hasn't had a pronounced impact on the banks' funding and
liquidity positions. However, we don't rule out deposit withdrawals from or
runs on the banks, disruptions to the banks' payment systems, and liquidity
shortages, if protestors' clashes with the government escalate and continue.
Alfa-Bank Ukraine and Kredobank are subsidiaries of large foreign groups,
whose creditworthiness is substantially superior to that of Ukraine. We think
these foreign parents would provide extraordinary support to their affiliates
in Ukraine. Kredobank is a subsidiary of Poland-based Powszechna Kasa
Oszczednosci Bank Polski S.A. and Alfa-Bank Ukraine is ultimately owned by
Russian financial-industrial group Alfa Group Consortium, whose main banking
arm is Alfa-Bank OJSC. We believe this foreign ownership provides benefits to
both banks, notably in risk management and the sustainability of their
commercial franchises. We regard the two banks as "moderately strategic"
subsidiaries for their respective parents. We believe the foreign parents
would inject liquidity into their Alfa-Bank Ukraine and Kredobank if needed.
However, we do not include notches of uplift in the ratings on the two banks
from their 'ccc+' stand-alone credit profiles (SACPs) to reflect parental
support.
We view PrivatBank as having higher stand-alone creditworthiness than
Alfa-Bank Ukraine and Kredobank. Our 'b+' assessment of PrivatBank's SACP
reflects its stronger franchise, competitiveness, and risk position than the
other two banks.
Still, the long-term ratings on PrivatBank, Alfa-Bank Ukraine, and Kredobank
are constrained by the foreign currency long-term sovereign rating on Ukraine.
In our view, these three banks do not meet the criteria under which we would
rate them higher than Ukraine, given that they are predominantly exposed to
their domestic market (see "Ratings Above The Sovereign-Corporate And
Government Ratings: Methodology And Assumptions," published on Nov. 19, 2013).
Although we acknowledge that the banks have low exposure to Ukraine sovereign
debt and state-related enterprises, we believe the banks would likely be hit
hard by a sovereign default, if one were to occur, and the ******* toll on the
economy. In our hypothetical default scenario, the National Bank of Ukraine
might be unable to provide local currency liquidity to the banking sector, and
borrowers' creditworthiness would deteriorate due to the hryvnia's
devaluation. We also foresee potential deposit outflows and closed access to
capital markets.
OutlookThe negative outlooks on PrivatBank, Alfa-Bank Ukraine, and Kredobank
primarily reflect our outlook on the sovereign. We consider that
sovereign-related risks will continue to be the largest risks for these banks'
financial profiles, especially their capital and liquidity, if Ukraine's
political landscape remains unstable and economic prospects deteriorate
further. Any lowering of the foreign currency long-term rating on Ukraine
would trigger a similar lowering of the long-term ratings on these three
banks.
We could consider revising the outlooks to stable if we saw signs that
political tensions were abating and Ukraine was securing external funding for
its high gross external financing requirement. We would also seek signs that
PrivatBank, Alfa-Bank Ukraine, and Kredobank are able to stabilize their
financial and business profiles--especially their liquidity, capitalization,
and asset quality--despite the prolonged uncertainty and weak economic
environment in Ukraine.
PrivatBank
from B-/Stable/C
to CCC+/Negative/C