Ratings and awards

  • Ratings
  • Awards

International ratings

Fitch Ratings

Long-term National scale rating

А-(ukr)

Viability rating

ccc

Long-term foreign currency IDR

CCC

Long-term local currency IDR

CCC

Short-term foreign currency IDR

C

Support rating

5

Support rating floor

No floor

Outlook

Negative

Standard & Poor's

Stand-alone credit profile

b-

Long-term counterparty credit rating

B-

Short-term counterparty credit rating

C

Outlook

Negative

Moody’s (ratings based on public information)

Baseline Credit Assessment

сa

Adjusted Baseline Credit Assessment

ca

Foreign Currency Deposit Rating (GFC)

Ca/NP

Local Currency Deposit Rating (GLC)

Caa3/NP

Counterparty Risk Assessment

Caa3/NP

Long-term Foreign-Currency Senior Unsecured Debt Rating

Ca

Long-term Foreign-Currency Subordinated Debt Rating

C

Outlook

Stable

Awards

PrivatBank was rated the 2015 best bank of Ukraine by the rating "Worlds Best Emerging Market Banksi In Central & Eastern Europe"

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PrivatBank was rated the 2014 best bank of Ukraine by the Worlds Best Emerging rating

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The 2012 Best Bank of Ukraine. The Banker.

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The 2011 Best Bank of Ukraine. Global Finance.

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The 2011 Most Innovative Bank for the Online Cash Collection technology

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The 2010 Most Innovative Bank for the Coinless technology

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The 2010 Best Bank of Ukraine. The Banker.

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Mall Awards 2010: PrivatBank – the Best Bank in trading industry.

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The 2013 Best Bank of Ukraine. Global Finance.

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International rating background

2015
December 4-7, 2015 
Following the successful restructuring of PrivatBank’s external debt Fitch and Standard & Poor's rating agencies upgraded bank’s credit ratings.

Fitch Ratings upgraded the long-term and short-term counterparty rating in foreign currency to ‘CCC / C’ from ‘RD’. Viability Rating was upgraded to ‘ccc’ c ‘f’.

Standard & Poor's Ratings Services upgraded long-term counterparty credit rating of PrivatBank to ‘B-’ from ‘RD’ (on 4 December a technical downgrade from ‘CCC’ was conducted) and Stand-alone credit profile - to ‘b-’.


Read more: press-release Fitch Ratings,
press-releases Standard & Poor's (as of 4 Dec 2015 and 7 Dec 2015)

September 28, 2015 
Standard & Poor's Ratings Services raised PrivatBank’s credit ratings to 'CC / C' level following the coupon payment on September 23rd, 2015 on USD 200 mln Eurobonds, which maturity has been extended from September 2015 to January 2018 after reaching an agreement with investors.

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July 9-10, 2015 
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.

Read more:
Standard & Poor’s press release
Fitch Ratings press release

November 24, 2015 
On November 24, 2015, Moody's Investors Service upgraded PrivatBank’s Local Currency Deposit Rating to Caa3, other ratings were affirmed at the current level. The outlook was changed to "Stable" from “Negative”. These changes follow the upgrade of Ukraine's sovereign bond rating and successful completion of negotiations with investors on the extension of the bank’s Eurobonds.

Read more
September 18-23, 2015
 
As a result of signing an additional loan agreement with the holders of USD 200 mln Eurobonds that involves extending the maturity of the bonds and increasing of the interest rate to 10.25%, rating agencies Fitch Ratings and Standard & Poor's Ratings Services revised PrivatBank’s ratings.

Thus, Fitch Ratings has downgraded the Long-term and Short-term IDRs in foreign currency to ’RD’ level, the Viability Rating (VR) has been revised from ‘c’ to ‘f’. National Long-term Rating and Local Currency IDR have been affirmed at the current level.

Standard & Poor's Ratings Services lowered Bank’s long- and short-term ratings to the level 'SD'. Stand-alone credit profile (SACP) stands unchanged at 'ccc', reflecting the bank's "adequate" business position according to the agency’s opinion.

Read more:
press-release Fitch Ratings
press-release Standard & Poor's

April 20, 2015
 
On April 20th, 2015 Standard & Poor's Ratings Services revised ratings of PrivatBank: Long-term rating on PrivatBank was revised to 'CCC-' from 'CCC' аs a result of lowering of foreign currency long-term rating on Ukraine to 'CC' from 'CCC-'. The negative outlook on PrivatBank mirrors the agency’s view that sovereign risks in Ukraine strongly influence PrivatBank's creditworthiness. Short-term counterparty credit rating of PrivatBank was affirmed the 'C' level. Read more
March 26, 2015 
On 26 March, 2015 Moody's Investors Service affirmed Foreign Currency Deposit Rating (GFC) of PrivatBank at Ca. The bank’s LC deposit and FC senior unsecured debt ratings were changed to Ca. Also the bank’s FC subordinated debt rating was changed to C driven by the downgrade of the bank’s standalone BCA to ca. These rating actions followed the downgrade of Ukraine’s government bond rating. Read more
2014
December 16, 2014 
Fitch Ratings revised Viability Rating (VR) of PrivatBank from “b-” at “ccc” that is in line with the sovereign rating of Ukraine. The VR of the bank has been removed from Rating Watch Negative (RWN). The Long-term foreign currency Issuer Default Rating (IDR) of the bank has been affirmed at 'CCC', that is also in line with the sovereign rating. The National Long-term rating of PrivatBank is affirmed at 'A-(ukr)' with the stable outlook and is removed from Rating Watch Negative (RWN). Read more
August 12, 2014 
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-". 
April 9, 2014
 
"Moody’s International Rating Agency revised ratings of PrivatBank and other 11 Ukrainian financial institutions. All rating actions were prompted by the weakening of Ukraine's credit profile, as reflected by downgrading of Ukraine's Government Bond Rating to Caa3 from Caa2 on April 04, 2014 and related adjustments to the Foreign-Currency Bond Ceiling to Caa2 from Caa1. PrivatBank’s Financial Strength Rating (BFSR) was affirmed at E with no specific outlook; all the other long-term global-scale ratings carry a negative outlook." Read more
February 14, 2014 
Fitch Ratings agency revised and lowered Long-term and Short-term foreign currency Issuer Default Ratings (IDRs) of PrivatBank and other 12 Ukrainian banks to CCC from B- and to C from B- accordingly following revision of Ukraine’s sovereign ratings. Fitch Ratings affirmed National Scale Rating of PrivatBank at A- with Stable outlook whereby assigning the Long-term Local Currency IDR at B-." Read more
January 30, 2014 
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.
December 23, 2014
 
Standard & Poor's Ratings Services affirmed 'CCC/C' counterparty credit ratings of PrivatBank. The long-term foreign currency rating of PrivatBank stays one notch higher than Ukraine's sovereign rating. Standard & Poor's affirmed stand-alone credit profile (SACP) of PrivatBank at ‘b-‘. The Negative outlook on PrivatBank’s credit ratings followed by revising of the sovereign ratings. Read more
August 26, 2014
 
"2014 Fitch Ratings revised Issuer Default Ratings (IDRs) of PrivatBank and other 10 Ukrainian banks following the downgrade of Ukraine’s sovereign ratings.
Fitch affirmed National Scale rating of PrivatBank at A-, Long-term Local Currency IDR at B- and Long-term Foreign Currency IDR at CCC. National Long-term rating, Viability Rating and Long-term local currency IDR are placed on Rating Watch Negative (RWN). The agency intends to reassess the impact of the sovereign action on the bank’s ratings and resolve the RWN by the end of this year." Read more
February 24, 2014
 
Standard & Poor's Ratings Services revised and lowered Long-Term Counterparty Credit Ratings of PrivatBank and other 2 Ukrainian banks from 'CCC+' to 'CCC' following revision of Ukraine’s foreign currency sovereign ratings. The Short-Term Counterparty Credit Rating of PrivatBank was affirmed at the current level. ​
February 5, 2014
 
"Moody’s International Rating Agency revised ratings of PrivatBank and other 11 Ukrainian banks. All rating actions were prompted by the weakening of Ukraine's credit profile, as reflected by downgrading of Ukraine's Government Bond Rating of Ukraine's government bond rating to Caa2 from Caa1 on January 31, 2014 and related adjustments to the foreign-currency deposit ceiling to Caa3 from Caa2. PrivatBank’s BCA remains unchanged at caa1, which is one notch higher than Ukraine's sovereign rating. Regarding BFSR, a Stable outlook is maintained; all the other long-term global-scale ratings carry a negative outlook." Read more
January 14, 2014
 
PrivatBank terminated contractual relationship with Moody’s international rating agency. Further on, the agency will maintain the bank’s ratings solely based on public information.
2013
December 30, 2013 
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.
November 14, 2013 
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. Read more
July 16, 2013 
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. Read more
December 16, 2013 
Standard & Poor's Ratings Services assigned its 'B-' long-term and 'C' short-term counterparty credit ratings to PrivatBank. The long-term counterparty credit rating on PrivatBank is constrained by the foreign currency long-term rating on Ukraine. The negative outlook on PrivatBank primarily reflects negative outlook on Ukraine sovereign rating.
September 25, 2013 
Moody’s International Rating Agency revised ratings of PrivatBank and other 10 Ukrainian financial institutions. All rating actions were prompted by the weakening of Ukraine's credit profile, as reflected by Moody's downgrade of Ukraine's government bond rating to Caa1 from B3 on September 20, 2013 and related adjustments to the country's ceilings. Read more​
June 19, 2013 
Moody’s International Rating Agency affirmed current ratings of PrivatBank.
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