Reliability rating

ÀÀ+ - International Rating of Bank’s Reliability

JSCIB “UkrSibbank”, a third largest bank in Ukraine, is a member of BNP Paribas international financial group that is a recognized undisputed leader of European financial market and world’s third largest bank.

One of the main indicators of the banks reliability are the ratings published by independent international agencies such as Moody’s, Fitch, Standard & Poor's.

BNP Paribas Group, JSCIB “UkrSibbank” is a member of, has one of the highest reliability ratings – ÀÀ+ by Standard & Poor's agency.

What is international credit rating?

International credit rating is a current conclusion on debtor’s solvency (issuer or counterparty) or its capacity and readiness to meet particular financial liabilities (i.e. issue credit rating).

How is this rating identified?

International ratings vary from the highest rank — “ÀÀÀ” to the lowest one — “D”. The ratings between “ÀÀ” and “ÑÑÑ” can be supplemented by the signs “plus” (+) or “minus” (-), implying interim rating categories against major ones.

ÀÀ abbreviation means a high capacity to meet one’s debt liabilities in full and within due terms. AA rating only slightly differs from the highest one, i.e. ÀÀÀ.

How is the rating assigned?

The rating is assigned only on the condition of having sufficient information based on transparent methodology which accounts for quantitative and qualitative indicators, exposure and business risks.

What information is the rating based on?

Credit ratings are based on full information on the issuer. A standard list of the data requested should be presented within relevant criteria (corporate finance, financial institutions, local finance). Still, depending on the situation and a particular issuer the analysts may request additional information apart from a standard list.

What is credit rating of BNP Paribas?

According to Standard & Poor's agency rating as of 06.10.2008 the reliability of BNP Paribas is assessed at ÀÀ+ that implies a high capacity of the Bank to fully meet its debt liabilities in time.
Are there many banks having such a high rating?

There are only six banks in the world being assigned such a high rating ÀÀ+ by Standard & Poor's. One of them is BNP Paribas, a third largest bank of the world, JSCIB “UkrSibbank” is a member of.

Are there any other banks in Ukraine having such a high reliability rating?

JSCIB “UkrSibbank” is the only bank in Ukraine, the main shareholder of which has such a high reliability rating.

Has BNP Paribas got any other acknowledgements of its reliability?

On October 13, 2008 BNP Paribas was recognized the World's Safest Bank by world famous edition Global Financå.
According to Forbes magazine in 2008 BNP Paribas takes the lead in the world’s largest companies rating as for deposits in Eurozone.

How is the objectivity of the ratings ensured?

Standard & Poor's is an international rating agency. Till 1966 Standard & Poor's was owned by individuals, and then it was purchased by a leading publishing corporation McGraw-Hill Inc. Today Standard & Poor's is a member of McGraw-Hill. Still, Standard & Poor's functions independently from McGraw-Hill.

The investors’ acknowledging Standard & Poor's as a rating company fully depends on the investors’ wish to consider the opinion of the company.
How often is credit rating traced and reviewed?

The events linked with the activity of the company assessed are regularly traced. Based on the information obtained the rating can either increase, or decrease as often as the company’s solvency varies. In case no significant changes occur, the rating is formally reviewed (either confirmed or adjusted) once a year.

What credit rating is needed for?

Standard & Poor’s credit rating has a number of advantages for the issuers, investors, lenders and financial agents.

Credit rating is often used by banks and other financial agents to take decisions on loan rendering, capital market deals, insurance, leasing and in any other situations when there’s a need for assessing solvency of a business partner. Many companies prefer not to disclose their financial data during business negotiations. In this case issuer credit rating is a reliable solvency indicator.

How does the rating influence the functioning of the Bank?

Credit rating helps management of the company define the cost of borrowings in future.

Credit rating being an independent opinion can protect the company and its securities against unjustified suspicions of insolvency caused by default of other companies on the market.

International credit ratings are the foundation of the bank’s successful performance and the confidence of its clients.

Where can Standard&Poor’s rating of international shareholders of Ukrainian banks be viewed?

www.standartandpoors.com