MOODY'S boosts Pivdenny Bank rating

MOODY`S International Rating Agency increased all the positions of the Pivdenny Joint-Stock Bank rating assessment by one step, including the basic assessment of the bank’s creditworthiness (caa1 → b3). The forecast is "stable".

This was reported in a press release issued by the agency.

This is the maximum possible value for the Ukrainian bank under the existing sovereign rating of the country, which was also revised one step up (Саа1 → b3).

The agency noted a stable level of profitability, sufficient capital reserves, a significant liquidity buffer and low dependence on interbank resources.

The revision of the rating confirms the increase in the bank's financial stability.

Pivdenny Bank complies with all economic standards of the NBU and continues to increase capital adequacy. As of 1 June 2020, the regulatory capital adequacy ratio is 14.2 % (regulatory value – 10 %), and the fixed capital adequacy ratio is 11.1 % (regulatory value – 7 %).