International Credit Rating Agency Moody’s upgraded Oschadbank’s ratings

On June 16, 2020, International Credit Rating Agency Moody’s upgraded Oschadbank’s ratings, namely:

• Baseline Credit Assessment to “b3”;
• Long Term Bank Deposits Fgn Curr to “Caa1”
• Long Term Bank Deposits Local Curr to “B3”
• Long Term Counterparty Risk Rating Fgn Curr to “В2”
• National Scale Rating to “A1.ua”.

The outlook of Oschadbank’s long term ratings is stable.

The upgrade of the Bank’s Baseline Credit Assessment to “b3” reflects its systemic importance, high inter-linkage between the bank's standalone credit fundamentals and sovereign creditworthiness and constrained by the sovereign rating. However, this constraint is now lessened thanks to the improved creditworthiness of Ukraine’s government.