Pivdennyi Bank once again reaffirmed its credit rating at uaAA

Independent rating agency Credit-Rating has reaffirmed the long-term credit rating of Pivdenny Joint-Stock Bank at the uaAA level with a stable outlook.

A borrower or individual debt instrument with a uaAA rating is characterized by very high creditworthiness compared to other Ukrainian borrowers or debt instruments. A stable outlook indicates that there are currently no prerequisites for changing the rating during the year. The rating of Pivdenny Bank has been maintained at the level of uaAA since September 2018.

In addition, the agency confirmed the reliability rating of the bank's deposits at "4+" (high reliability).

To update the ratings, the agency used the financial statements of Pivdenny Bank for 2019-2020 and the first half of 2021, as well as internal information provided by the bank during the rating process.