Credit rating of Universal Bank JSC has been upgraded to uaAA +

Credit rating of Universal Bank JSC has been upgraded to uaAA +

Today, the independent rating agency Credit-Rating announced the upgrade of the long-term credit rating of Universal Bank JSC to uaАА +.

The rating outlook is stable. The agency also confirmed the reliability rating of bank deposits of Universal Bank JSC at the level of “5” (highest reliability).

To carry out the procedure for updating the credit rating and the reliability rating of bank deposits, the agency used the financial statements of Universal Bank JSC for 2017-2018, as well as internal information provided by the Bank during the rating process.

A borrower or a separate debt instrument with a uaAA rating is characterized by a VERY HIGH creditworthiness compared to other Ukrainian borrowers or debt instruments.

The signs “+” and “-” denote intermediate criteria (levels) of the rating relative to the main categories (levels).

A stable forecast indicates that there are currently no prerequisites for changing the rating throughout the year.

The rating of bank deposits at the level of “5” (highest reliability) means that the bank is reliable, minimally sensitive to the influence of adverse commercial, financial and economic factors. The likelihood of problems with the timely return of the contribution is very low.

Information on all ratings assigned by the agency is in the information systems REUTERS, BLOOMBERG, S & P Capital IQ and TRData.