Monday, November 30, 2009

Moody's retained a negative outlook for the Ukrainian banking system.

International rating agency Moody's has maintained a negative fundamental credit outlook for the Ukrainian banking sector. This is stated in a communication agency. This forecast reflects the precarious state of the fundamental credit quality of local banks in the medium term, as well as the ongoing economic and financial crisis. Experts Moody's, in particular, are concerned about declining capitalization and profitability, as a result of deterioration in asset quality and liquidity, because of declining confidence of depositors. The risks in banking activities and increasing political uncertainty and potential monetary instability. According to experts' forecasts Agency, within the next 12-18 months, changes in the Ukrainian banking system is not expected.

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