’Expert-rating’ rating agency is the largest operator in the voluntary rating estimation market in Ukraine. Largest banks, insurance companies, asset management and collecting companies of Ukraine, and also international reinsurance companies are among the clients of the Agency.
14 June 2010 Ukrainian Securities and Stock Market State Commission issued to ‘Expert-rating’ rating agency the Certificate (#5 of 09.06.2010) on inclusion into the State Register of Authorized Rating Agencies.
The methodological base of the agency covers banking, insurance and investment sectors. The agency specializes in awarding of credit and infrastructural ratings according to the Ukrainian and international scales.

RA Expert Rating assigned to the credit rating of Bank GLOBUS

July, 30th, 2010 Rating Committee of RA Expert Rating has made the decision on assignment to the Bank GLOBUS of the credit rating according to the national scale at the level uaВВВ- (The Bank is characterized by sufficient credit capacity in comparison with other Ukrainian banks). Level of credit capacity depends on influence of unfavourable commercial, financial and economic conditions.

Rating Report (Engl)

THE BEST FINANCIERS OF 2010!

RA ‘Expert-rating’ and the journal ‘Expert Ukraine’ have determined the best managers of the financial sector following the results of 2009

In June-July, 2010, Rating Agency ‘Expert-rating’ together with the journal ‘Expert Ukraine’ have determined the best top-managers of financial sector. Basic outcomes of rating research are published in the ‘Rating of Best Managers of Financial Sector of Ukraine’ (the journal ‘Expert
Ukraine’ no. 26 of 05.07.2010).

For the first time in Ukraine the managers of financial sector companies have been evaluated not by results of illusive inquiries, decisions of jury or expert panels, but by indicators of work of the companies (banks). After the top manager of bank Nadra was declared in official retrieval, after the problems of Ukrprombank and Prominvestbank, confidence to journal ratings and PR-actions with appointment of ‘people of the year’ in the financial branch has considerably decreased. Under such conditions an acute need appeared in the market to change benchmark systems at determination of the ‘best of the best’ and to build the ideology directed on the recognition not due to a subjective judgment, but based on concrete market achievements of the companies (banks).

RA ‘Expert-rating’ has constructed an ideology of rating which by means of simple and conclusive indicators has allowed to determine the most influential, productive and effective managers in:

- Banking sector;
- Sector of general types of insurance;
- Life insurance sector;
- Sector of assets management companies.

Complete text of the concluding press release

Complete text of the publication in the journal "Expert Ukraine"

Outcomes of transparency rating in the insurance sector for 2009

Disclosing of financial and corporate information by the Ukrainian insurers is at unsatisfactory level!

In May-June, 2010, RA ‘Expert-rating’ performed special rating research aimed on revealing transparency level of the companies in the insurance sector. Following the results of the research the analytic service of the Agency has drawn following conclusions:
-The level of disclosing of the financial and corporate information by the Ukrainian insurance companies is extremely unsatisfactory, there is not sufficient amount of public information for taking economic decisions;
- Insurers not only do not use the routine and the especial information of their company in the system of sales, but sometimes hide their real shareholders, ‘forget’ to execute demands of regulators on disclosing information or do execute them formally;
- 90% of large insurers in Ukraine, when attracting clients, stake on low qualification of the client, focus on verbal advertising and low-standard PR. As a result, the competitiveness in the insurance sector is reduced to the size of advertising budgets. There is no public system of reference in the country which could help in a rational choice of insurer;
- Ignoring norms of business ethics and using financial ignorance of the population, and also poor awareness of corporate clients, TOP-managers of 99 % of assurance companies in Ukraine has completely cut off for themselves the access to equity market, as a capital source. In long-term prospective it will lead to serious cataclysms and to prevalence of foreign players in the Ukrainian market.

Detailed press release

Results of the rating of transparency of the insurers

The infrastructure rating of Collection Company ‘Agency on Debt Management’ of CredEx Group of Companies is reconfirmed at high stability level

‘Expert-rating’ RA confirms the infrastructure rating of ‘Agency on Debt Management’ Collection Company of CredEx Group of Companies at level uaA.col (high stability level). The rating indicates high level of readiness of the company on performance of its fiduciary obligations to clients.

Confirmation LLC Agency on Debt Management CredEx Group — 17.06.2010

‘Expert-rating’ RA will publicly withdraw public (pi)-ratings of banks not performing their obligations to members of UAIB!!!

15 June 2010 Directorate of the Ukrainian Association of Investment Business (UAIB) and ‘Expert-rating’ RA agreed on the need to improve quality of credit ratings, awarded to banks based on public information. The parties approved algorithm of interaction for interchange of information.

Detailed press-release

Authorized Rating Agency Certificate awarded!

14 June 2010 Ukrainian Securities and Stock Market State Commission issued to ‘Expert-rating’ rating agency the Certificate (#5 of 09.06.2010) on inclusion into the State Register of Authorized Rating Agencies. Successful passing of the Competition for selection of Authorized Rating Agencies became the basis for including ‘Expert-rating’ RA into the Register of Authorized Rating Agencies.
The Agency expresses satisfaction by the results of the Competition and draws attention to that the Competition became one more step on the way of demonopolization of the market of rating services in Ukraine.

Certificate of Authorized RA no. 5 of 09.06.2010.

Notification by the Securities and Stock Market State Commission State

Detailed press-release

The Ukrainian insurance market is recovering its’ activity in the sector of small companies

On 07 June 2010 following the results of Q1 2010 ‘Expert-rating’ rating agency has come to the decision on confirmation of credit rating of JS IC ‘MIR’ at the level uaAА- on national scale. The rating uaAА- means very high probability of that the company will withstand under the influence of adverse factors in the future.

Confirmation of JS IC MIR rating — 07.06.2010

‘Expert-rating’ RA confirms the credit rating of VAB Bank at level uaAA following Q1 2010 results

Following the results of Q1 2010 ‘Expert-rating’ rating agency has confirmed the credit rating of VAB Bank at the level uaAA on national scale. The given level of rating means very high stability of the bank in the long-term period.

Confirmation of VAB Bank rating — 02.06.2010

Expert-rating’ RA confirms the rating of JSC ‘KINTO’ at the level uaAА.amc

June 01th, 2010 ‘Expert-rating’ RA confirms the infrastructure rating of asset management company OJSC ‘KINTO’ at level uaAА.amc (very high stability level with a positive forecast).

Confirmation of OJSC 'KINTO' — 01.06.2010

Confirmation of rating of JS IC ‘BUSIN’ following the results Q1 2010

Following the results of the first quarter of 2010 ‘Expert-rating’ rating agency has confirmed stability rating of JS IC ‘BUSIN’ at level аа on agency’s scale (equivalent according to national scale is uaAА). Estimation аа means very high probability of that the company will resist under the influence of adverse factors in the future.

Confirmation of JS IC Busin rating — 28.05.2010