Prominvestbank -- Moody's withdraws the ratings of Ukraine's Prominvestbank

Rating Action: Moody's withdraws the ratings of Ukraine's Prominvestbank

Global Credit Research - 15 Jul 2020

London, 15 July 2020 -- Moody's Investors Service, ("Moody's") has today withdrawn the following ratings of Prominvestbank:

- Long-term Bank Deposit Ratings of Caa2

- Short-term Bank Deposit Ratings of Not Prime

- Long-term Counterparty Risk Ratings of Caa1

- Short-term Counterparty Risk Ratings of Not Prime

- Long-term Counterparty Risk Assessment of Caa1(cr)

- Short-term Counterparty Risk Assessment of Not Prime(cr)

- Baseline Credit Assessment (BCA) of caa3

- Adjusted BCA of caa2

- National Scale Long-term Bank Deposit Rating of B1.ua

- National Scale Long-term Counterparty Risk Rating of Baa3.ua

At the time of the withdrawal, the bank's long-term deposit ratings carried a positive outlook.

RATINGS RATIONALE

Moody's has decided to withdraw the ratings for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

LIST OF AFFECTED RATINGS ..Issuer: Prominvestbank Withdrawals:

.... Adjusted Baseline Credit Assessment, Withdrawn , previously rated caa2

.... Baseline Credit Assessment, Withdrawn , previously rated caa3

.... Short-term Counterparty Risk Assessment, Withdrawn , previously rated NP(cr)

.... Long-term Counterparty Risk Assessment, Withdrawn , previously rated Caa1(cr)

.... Short-term Counterparty Risk Rating, Withdrawn , previously rated NP .... Long-term Counterparty Risk Rating, Withdrawn , previously rated Caa1

.... National Scale Long-term Counterparty Risk Rating, Withdrawn , previously rated Baa3.ua

.... Short-term Bank Deposits, Withdrawn , previously rated NP

....Long-term Bank Deposits, Withdrawn, previously rated Caa2, Outlook Changed To Rating Withdrawn From Positive

....National Scale Long-term Bank Deposits, Withdrawn , previously rated B1.ua

Outlook Actions:

....Outlook, Changed To Rating Withdrawn From Positive

Moody's National Scale Credit Ratings (NSRs) are intended as relative measures of creditworthiness among debt issues and issuers within a country, enabling market participants to better differentiate relative risks. NSRs differ from Moody's global scale credit ratings in that they are not globally comparable with the full universe of Moody's rated entities, but only with NSRs for other rated debt issues and issuers within the same country. NSRs are designated by a ".nn" country modifier signifying the relevant country, as in ".za" for South Africa. For further information on Moody's approach to national scale credit ratings, please refer to Moody's Credit rating Methodology published in May 2016 entitled "Mapping National Scale Ratings from Global Scale Ratings". While NSRs have no inherent absolute meaning in terms of default risk or expected loss, a historical probability of default consistent with a given NSR can be inferred from the GSR to which it maps back at that particular point in time. For information on the historical default rates associated with different global scale rating categories over different investment horizons, please see https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1216309.

REGULATORY DISCLOSURES

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.

These ratings are unsolicited.

a.With Rated Entity or Related Third Party Participation: YES

b.With Access to Internal Documents: NO

c.With Access to Management: YES

For additional information, please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Moody's general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

Svetlana Pavlova, CFA Asst Vice President - Analyst Financial Institutions Group Moody's Interfax Rating Agency 7th floor, Four Winds Plaza 21 1st Tverskaya-Yamskaya St. Moscow 125047 Russia JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 Yaroslav Sovgyra, CFA Associate Managing Director Financial Institutions Group JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 Releasing Office: Moody's Investors Service Ltd. One Canada Square Canary Wharf London E14 5FA United Kingdom JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454

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