Ratings and awards

During negotiations with investors on extending the maturity of Eurobonds according to recommendations of the National Bank of Ukraine in order to increase capitalization and ease pressure on the currency market of Ukraine rating agencies Standard & Poor's Ratings Services and Fitch Ratings revised PrivatBank’s ratings.

On July 9th, 2015 Standard & Poor's revised long-term credit rating of PrivatBank on liabilities in foreign currency to ‘CC’ from ‘CCC’. Short-term rating was affirmed at 'C' and  stand-alone credit profile (SACP) - assigned  at 'ccc' level.

Fitch revised long-term foreign currency IDRs to ‘C’ from ‘CCC’ and downgraded Viability Rating (VR) to ‘c’ level on July 10th, 2015. Herewith, long-term local currency IDRs have been affirmed at 'CCC' to reflect the fact that the bank’s local currency-denominated liabilities are not included in the restructuring process. National Long-term rating of PrivatBank was affirmed at ‘A-(ukr)’ with Stable Outlook. 

Standard & Poor's Ratings Services affirmed its 'CCC/C' long- and short-term counterparty credit ratings on PrivatBank. At the same time, outlook on PrivatBank was revised to stable from negative. Standard & Poor's assigned stand-alone credit profile (SACP) of PrivatBank at "b-".

Standard & Poor's Ratings Services revised and lowered outlook on PrivatBank’s credit ratings to Negative from Stable, the long-term counterparty credit rating to CCC+ from B- following revision of Ukraine’s sovereign ratings and outlook, as well as affirmed the bank’s Short-Term Counterparty Credit Rating at the current level.

Standard & Poor's Ratings Services revised outlook on PrivatBank’s credit ratings to Stable from Negative and affirmed the bank’s current long- and short-term counterparty credit ratings.

Fitch Ratings agency revised PrivatBank ratings. The downgrade of Ukraine's Long-term foreign and local currency IDRs to B- from B and the Outlook to Negative from Stable resulted in change of PrivatBank's Long-term IDR and its Outlook and Viability Rating. The Bank’s Short-term IDR, Support Rating and National Long-term Rating affirmed at the current level.

Fitch Ratings agency affirmed current ratings of PrivatBank. The revision of the Outlooks on Ukraine's Long-term foreign and local currency IDRs from Stable to Negative resulted in change of PrivatBank's Long-term IDR Outlook.

Moody’s International Rating Agency revised ratings of PrivatBank and other 11 Ukrainian financial institutions. All the rating actions were prompted by Moody’s downgrade on 5-Dec-12 of the Ukrainian government rating to B3 from B2 and the related adjustments to the country’s ceilings. Moody’s assigned b2 standalone credit assessment of the bank, B2 long-term local-currency deposit rating, Caa1 long-term foreign-currency deposit rating, B3 foreign-currency debt ratings and A3.ua National Grade Rating. PrivatBank's standalone credit assessment is one notch above Ukraine's sovereign rating that reflects the bank's relative resilience to Ukrainian sovereign risk.

Fitch Ratings agency affirmed current ratings of PrivatBank.

Moody's rating agency changed the outlook to Negative from Stable on the PrivatBank’s B3 long-term foreign currency deposit ratings and foreign currency debt ratings of B1. These rating actions have been prompted by the recent change in outlook on Ukraine's sovereign ceilings to negative from stable.

Fitch Ratings agency affirmed current ratings of PrivatBank.

Moody’s International Rating Agency improved outlook of PrivatBank long-term B3 Foreign Currency Deposit Rating from Negative to Stable. The outlook on PrivatBank's outstanding foreign currency debt ratings of B1 has also been changed to Stable from Negative. These rating actions have been prompted by the recent change in outlook on Ukraine's sovereign ceilings to Stable from Negative.

Moody’s International Rating Agency affirmed current ratings of PrivatBank.

Fitch Ratings downgraded the Long-term foreign currency Issuer Default ratings (IDRs) of nine Ukrainian banks, including PrivatBank, to B- from B. Such rating action was triggered by the downgrade of nation-wide ratings, namely Ukraine's Long-term foreign and local currency IDRs to 'B-' from 'B' and the assignment of a Negative Outlook.

Moody’s International Rating Agency reviewed the global foreign currency (GFC) deposit ratings of 19 Ukrainian banks including PrivatBank to B3 from B2 and the foreign currency debt ratings of five Ukrainian banks including PrivatBank to B1 from Ba3. The outlook is negative on the long-term GFC deposit ratings and the long-term foreign currency debt ratings. Moody’s rating action was triggered by (i) the downgrade of Ukraine’s foreign currency bank deposit ceiling to B3 with negative outlook from B2, (ii) the downgrade of Ukraine’s foreign currency bond ceiling to B1 with negative outlook from Bа3.

Moody’s revised the global local currency deposit ratings (GLC) and the National Scale Ratings (NSR) of 12 Ukrainian banks, including PrivatBank. GLC deposit rating of PrivatBank was downgraded to Ba1/NP from Baa3/P-3 and NSR – to Aa1.ua from Aaa.ua. Moody’s also changed the outlook to Stable from Positive on the B2 long-term global foreign currency (GFC) deposit ratings of 21 Ukrainian banks, including PrivatBank. The revision of ratings of banks was triggered by Moody’s decision to downgrade the local and foreign currency bank deposit ceilings of Ukraine.

Moody’s International Rating Agency affirmed current ratings of PrivatBank.

Moody’s International Rating Agency affirmed current ratings of PrivatBank.

Moody's International Rating Agency assigned the highest Aaa.ua National Scale Rating to PrivatBank.

Moody’s International Rating Agency improved outlook of long-term B2 Foreign Currency Deposit Rating from Stable to Positive to eleven Ukrainian banks, including PrivatBank.

Moody's International Rating Agency assigned long-term and short-term ratings to PrivatBank, long-term outlook – Stable.

Fitch Ratings affirmed all PrivatBank's current ratings with the outlook of long-term Ratings – Positive.

Moody's International Rating Agency assigned a Baa3 global Long-term and Prime-3 Short-term local currency deposit rating to PrivatBank with the outlook – Stable. According to Moody's, the ratings assigned to PrivatBank were based on its systemic importance to the Ukrainian economy as the largest bank in terms of total assets and its position as leading deposit-taking institution in the country and the clear market leader in payments, including plastic cards, as well as in consumer lending.

"FitchRatings International Rating Agency increased ratings of PrivatBank. PrivatBank's long-term rating was increased from B- to B and the Support rating changed from 5 to 4. Short-term rating was confirmed at B and Financial Strength Rating at D. All ratings carried stable outlooks. According to Fitch, the increase of Ukraine country rating reflected a high level of economic growth in the totalled 12% at the 2004 year end, and a temperate amount of public debt of 25% of GDP. It was also noted in the Fitch Report that, “PrivatBank is the country's largest bank, with shares of approximately 11% in sector assets and 14% in retail deposits”."

Fitch Ratings affirmed PrivatBank’s current ratings.

Fitch Ratings increased PrivatBank’s Long-term rating from CCC+ (plus) to B- (minus) and Short-term rating from C to B. According to the official release of Fitch, increase of the Bank’s rating involved the revision of Sovereign Long-term Currency rating of Ukraine to B+ (plus) and reflected growing meaning of PrivatBank for Ukrainian banking sector.

Fitch Ratings made an analysis of PrivatBank’s activities and published preliminary results in February 2003.

Fitch IBCA rating agency concluded an agreement with Thomson Group on purchasing its BankWatch subsidiary. Analysts of Fitch IBCA and BankWatch made a review of Long-term foreign currency ratings of all Russian and CIS financial institutions previously rated by these two agencies. The revision was made to reconcile the ratings in case of different approaches used as well as granting Fitch IBCA ratings to the banks already rated by BankWatch. Following the revision, PrivatBank was assigned with CCC+ (plus) Long-term rating with Stable outlook.

PrivatBank receives the rating report from Fitch IBCA international rating agency. PrivatBank is only bank rated by the two largest international rating agencies.