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Founded in 2001 Credit-Rating is the first rating agency in Ukraine commited to assessment of issuer's solvency and to assignment of credit ratings pursuant to the National rating scale. Since 2003 the agency's rating estimations have been officially recognized by Ministry of Finance of Ukraine. Since 2004 Credit-Rating has been an authorized agency of State Commission for Securities and Stock Market for assigning ratings to economic entities, to industries and municipalities. Starting from 2007 the agency assigns corporate governance ratings. The agency renders the following services - Assignment of credit ratings to companies, banks, insurers, and municipalities according to the National scale, which has been developed specially for credit risk assessment in the Ukrainian market environment.
- Assignment of credit ratings to particular debt obligations (bonds, loans) according to the National scale.
- Assignment of corporate governance ratings pursuant to specially developed Scale for corporate governance rating.
Rating services Credit rating is a universal instrument of credit risk assessment. It empowers a company to show potential investors and existing partners its solvency and readiness to work openly and transparently. There are two types of credit ratings: issuer credit rating (assigned to enterprises, banks, insurance companies, local authorities) and issue credit ratings (assigned to bonds, loans, etc.). Credit rating allows: - to strengthen relations with all types of contractors
- to be distinguished among other Ukrainian enterprises and to attract investors
- to show efficient financial performance without divulging any confidential information
- to place bonds or other debt instruments on the best terms
- to create a positive track record and financial reputation
- to diversify debt instruments and to reduce their servicing cost
- to assess your performance efficiency
- to determine key strategic factors affecting the obligor's solvency
Credit-Rating assigns ratings according to National Rating scale which was developed for credit risks assessment within the Ukrainian market. National rating may be used in the Ukrainian market. The main advantage of international ratings, specifically the comparability of credit risk to all obligors in the international market, may be considered as disadvantage in transition economies. The point is that the credit rating of an issuer or issue cannot be higher than a sovereign rating of its country. Today Ukraine carries a low sovereign rating of 'B+' assigned by Standard & Poor's, 'BB-' by Fitch Ratings, and 'Ba3' assigned by Moody's Investor's Service (as at March 2007). This country ceiling prevents Ukrainian companies from obtaining investment grade ratings. At the same time both national and international investors which will to invest money in Ukrainian market may consider obligations of some Ukrainian borrowers as rather attractive investment objective though they cannot be assigned high international ratings. Credit-Rating is an independent private company. It does not incorporate governmental departments, financial institutions neither investment companies. To remain unbiased, the agency does not act as a participant of financial market or a creditor of the companies rated. Credit-Rating is a member of Ukrainian Chamber of Commerce and Industry, of Kyiv Chamber of Commerce and Industry and of American Chamber of Commerce in Ukraine. Further information may be obtained in the agency's office:
72, Verkhniy Val str., Kiev 04070
Commercial Department
ph. (+380 44) 490-64-77
(+380 44) 490-25-50, ad.111
fax (+380 44) 490-25-54;
E-mail: Clients@credit-rating.com.ua
Information and Communication Department
ph. (+380 44) 490-25-50, ad. 170
E-mail: MProtsenko@credit-rating.com.ua
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