Print

IBI-Rating downgraded the credit rating of «CB «FINANCIAL INITIATIVE» PJSC and C series bonds

30.09.2015
IBI-Rating informs on downgrading of the credit rating of "CB"FINANCIAL INITIATIVE" PJSC and C series bonds from uaBB with a «negative» outlook to uaD grade.

The decision was taken by the rating committee on the basis of the decision of the Deposit Guarantee Fund number 167 of 10 September 2015 on the extension of the term of the interim administration in "CB" FINANCIAL INITIATIVE" PJSC until October 23, 2015 inclusive. In accordance with the National Rating Scale, uaD rating means a default, that is, payment of interest and principal on debt obligations of the borrower has ceased without reaching an agreement with creditors on debt restructuring before maturity date.

Department of finance ratings area
For more information please contact:
Press service of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua