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

Oschad News

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.

Oschad News

Oschadbank Press Center