At present the Expert Rating RA is the biggest nationally recognized rating agency in the market of rating services in Ukraine. Since February, 2006 the Expert Rating RA has provided (pi)-ratings for 96 banks, 63 industrial companies, 137 insurance companies. We actively conduct complex researches in the Ukraine's market of financial services.
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25.06.2008
Marioupol is the second best city in Ukraine as to its investment attractiveness for business
On June 25 Expert rating agency announced the assignment of uaAÀÀ grade credit rating on national scale and uaA1 grade investment rating on Expert Rating scale. uaAÀÀ grade credit rating means the highest level of the borrower's solvency in comparison with other Ukrainian borrowers and debt instruments. uaA1 grade rating of investment attractiveness means high level of investment attractiveness for development of the majority sectors of economy. Municipal economy is based on well diversified industrial sector. City goes very well with development of industrial branches directed on satisfaction of townspeople's demand.
Rating report
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20.06.2008
MImprovement of rating assessment of Vesco JSIC
Expert Rating RA has raised stability rating of Vesco JSIC up to the ààà grade (the highest stability level) (uaAAA grade on national scale) which means that Company is most likely to resist influence of negative factors.
Rating report
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10.06.2008
The confirmation of rating estimation (assession) of Dniproinmed JSIC
On June 10, 2008 Expert Rating RA has confirmed the à grade stability rating of Dniproinmed JSIC which is equal to uaA grade in national scale. à grade stability rating means high level of stability with positive forecast.
Confirmation
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20.05.2008
The rating estimation of MIR Joint Stock Insurance Company
Expert Rating RA has assigned the à+ grade stability rating to MIR JSIC which is equal to uaA+ grade in national scale. à+ grade stability rating means high level of stability with positive forecast.
Confirmation
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07.05.2008
The confirmation of Busin JSIC rating assessment
On May 7 2008 Expert Rating RA has confirmed the assessment of à+ stability rating to Busin JSIC (uaA+ on national scale). à+ stability rating means high level of stability with positive forecast.
Confirmation
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18.04.2008
Improvement of rating assessment of Vesco JSIC
Expert Rating RA has raised stability rating of Vesco JSIC up to the ààà grade (the highest stability level) (uaAAA grade on national scale) which means that Company is most likely to resist influence of negative factors.
Confirmation
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17.04.2008
IPO meetings-2008 in Kyiv Hyatt Regency hotel
The confirmation of rating assessment of Dniproinmed JSIC The confirmation of rating assessment of Dniproinmed JSIC On April 17 2008 Expert Rating RA has confirmed the 'à' grade stability rating to Dniproinmed JSIC (grade on national scale — 'uaA'), based on overall results of its operating performance during the 9 months of 2007. 'à' grade stability rating means high level of stability with positive forecast.
Confirmation
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26.03.2008
IPO meetings-2008 in Kyiv Hyatt Regency hotel
On March 26, 2008 an ‘Ukrainian IPO meetings’ international conference was held in Kyiv Hyatt Regency hotel. The organizers of the conference were Ukrainian society of financial analysts (USFA), DAGDA Company and RA Expert-Rating. Deutsche Bank represented on the conference by Bozena Trydos, Managing Director-Head of Central and Eastern Europe, Russia and CIS, Depositary Receipts Group became an official international partner of the conference. The conference program consisted of six sections. The presentations by representatives of four stock exchanges: Dr. Albrecht Burger, Senior Vice President , Deutsche Borse Group,Simon Lim Yong Hiang, Director Listings, Singapore Exchange Ltd. , Andrea Isler, Relationship Manager, Issue and Investor Relations, SWX Swiss Exchange, Geoffrey Tang, Senior Manager ,Hong Kong Exchanges & Clearing Ltd. (HKEx) attracted the largest interest from the participants in the conference. The conferences with similar level of responsibility and representativeness of world leading stock exchanges and audit and consulting companies had not been held in Ukraine before.
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14.03.2008
The confirmation of VAB Re re-insurance company rating assessment
On March 14 2008 Expert Rating RA has confirmed the assessment of àa- stability rating (uaAA- on national scale) to VAB Re JSIC. The amount of gross premiums increased to 68.5% and 170.52% in comparison with 2006 and 2005 respectively. The gross premiums annual growth rates leave behind the market showings.
Confirmation
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18.02.2008
Rating of investment companies
In January-February 2008 the analytical service of Expert-Rating RA has conducted the research of development of the market of joint investing institutes. 53 corporative and mutual funds of 26 asset management companies were covered by research. Only funds which share’s price data is routinely being published by their asset management company were included into rating. The effectiveness of fund management was appraised after comparison of yield and risk. The Sharp factor was the keyword parameter in effectiveness measurement. The main results of research are published in Expert Ukraine magazine, issue # 7 (152) February 18, 2008.
Magazine version
Press-release
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05.02.2008
IPO meetings 2008 in Hyatt Regency Kyiv
Dear Sirs! Ukrainian society of financial analysts (USFA), DAGDA Company and RA Expert-Rating invite you to take part in Ukrainian IPO-meetings which will take place on March 26, 2008 in Hyatt Regency Kyiv, 5-a Tarasova Str.
Str.
The official international partner of the conference is Deutsche Bank
The purpose of the conference is to get together on the one platform all potential participants of both IPO and SPO for fruitful exchange of views and experience. On our IPO-meetings potential issuers will get the first hand information about the newest and unique means and instruments of capital formation.
For details
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17.12.2007
The best IPOs in 2007
The study of 42 placements and price quotations, interrogation of mass media representatives and experts of several exchanges allowed Expert Rating to come to a conclusion that the best placement in 2007 was the placement of ÒÌÌ Real Estate Development ñompany in Frankfurt SE conducted by Concorde Capital company as well as the Kernel Holding’s placement in Warsaw SE (financial council ING company). When appraising the placements the following factors were taken into account: the amount of real attracted financing, the company’s transparency when in placement, the company’s willingness to information disclosure after the placement, the company’s communication policy in the field of relations with investors and community.
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17.12.2007
Overall results of ‘The opportunities of IPO making for Ukrainian issuers’ research
December 17, 2007 at Press Center Interfax-Ukraine a joint press-conference of Expert-Rating RA and partners of “IPO from A to Z reference book” analytical project was held. The press-conference was devoted to presentation of resume of research ‘The benefits of IPO making for Ukrainian issuers’. Participating were Andrey Bulakh- partner of Deloitte Ukraine company, Alexander Omelchyuk- Director of investment and banking services department of Concorde Capital company, Martin Dushin’skiy- Chairman of board of Capital One advisers Company (Warsaw), Volodymir Dukhnenko- Director of Expert-Rating rating agency, Vitaliy Shapran- Deputy director of Expert-Rating rating agency, CFO.
Press-release
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26.11.2007
The confirmation of Busin JSIC rating assessment
On November 23 2007 Expert Rating RA has confirmed the assessment of à+ stability rating to Busin JSIC (uaA+ on national scale). à+ stability rating means high level of stability with positive forecast.
Confirmation
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21.11.2007
The confirmation of Vesko JSIC rating assessment
On November 21 2007 Expert Rating RA has confirmed the assessment of àa- stability rating to Vesko JSIC (uaAA- on national scale), based on overall results of its operating performance during the 9 months of 2007. àa- stability rating means high level of probability that company will resist influence of negative factors. Expert-Rating declares its plan to raise the level of company’s stability rating in the nearest future. The cause of revision is the entrance of French AXA insurance holding and Ukrsibbank (member of Paribas BNP) into the structure of company’s shareholders. In praesenti the Vesko JSIC stability rating is undergoing the monitoring. The terminal decision on rating grade rise will be taken after analysis of Vesko’s working data during the 9 months of 2007.
Confirmation
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19.11.2007
The confirmation of rating assessment of Dniproinmed JSIC On November 19 2007 Expert Rating RA has confirmed the ‘à’ grade stability rating to Dniproinmed JSIC (grade on national scale — ‘uaA’), based on overall results of its operating performance during the 9 months of 2007. ‘à’ grade stability rating means high level of stability with positive forecast.
Confirmation
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31.10.2007
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07.09.2007
The confirmation of rating estimation (assession) of Busin JSIC
On September 7 2007 Expert Rating RA has confirmed the à+ grade stability rating of Busin JSIC which is equal to uaA+ grade in national scale. à grade stability rating means high level of stability with positive forecast.
Confirmation
Confirmation
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27.08.2007
The confirmation of rating estimation (assession) of Dniproinmed JSIC
On August 27 2007 Expert Rating RA has confirmed the à grade stability rating of Dniproinmed JSIC which is equal to uaA grade in national scale. à grade stability rating means high level of stability with positive forecast.
Confirmation
Confirmation
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06.08.2007
Rating assignment By results of research held by Expert-Rating RA the VESKO JSIC was assigned the uaAA- rating of stability according the national scale. The uaAA- rating grade means very high level of stability of the insurance company. VESKO JSIC has given consent to the publication of the rating report on sites of Expert-Rating RA and SMIDA.
Rating Report of JSIC VESKO (RUS)
Web-page of JSIC VESKO in National information disclosure system
Web-page of JSIC VESKO in WEB-site of Expert-Rating RA
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1.08.2007
Expert-Rating RA signed a Memorandum on Cooperation with Association of enterprisers and industrialists, providers of goods, services and works for state needs.
Association of enterprisers and industrialists, providers of goods, services and works for state needs considers the Expert-Rating RA to be an independent and professional expert in the area of financing rating of companies and enterprises and recognizes as necessary the rating estimations assigned by the Expert-Rating RA. Expert-Rating is sure that cooperation with Association will positively affect the level of transparency of State purchases, and will favour the formation of open and transparent mechanism of holding tenders in the area of State purchases.
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12.07.2007
On 12 of July Expert Rating RA has finished the first round of consultations with UIBA members and tells of its readiness to assign the individual credit ratings to AMC according to both RA’s and national scales.
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03.07.2007
Expert Rating RA has finished the Investment attractiveness of companies of non-financial sector pi-rating research. The research included the companies with more than UAH 250 m capitalization, which has passed listing at FSTS and published its accounts in National information disclosure system. The main results of rating research were published in Expert-Ukraina weekly, #26, July 2 2007.
Magazine version RUS
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19.04.2007
Ukrainian Association of Investment Business and RA “Expert Rating” have signed cooperation memorandum. UAIB and RA “Expert Rating” have come to agreement about creation of joint project team. It is aimed to create system of ratings which should assist investors in their choice of appropriate asset management companies. UAIB became the first association of professional participants of the financial market, with whom RA “Expert Rating” concluded cooperation agreement. Activity of asset management companies in Ukraine stays rather specific for providing ratings and demands consultations with market before applying this rating product for practical purposes. RA “Expert Rating” is sure, that cooperation with UAIB will effect positively level of transparence of the branch and will allow to create for asset management companies an effective tool for solving marketing, information and communication problems.
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02.04.2007
Press conference devoted to assignment the Busin Insurance Company a stability rating in accordance with scale devised by rating agency and National Rating Scale took place at Interfax-Ukraine IA. Participating were: Larissa Nepochatova- President of Busin Insurance Company member of LIOU Council, Sergey Deminsky- the vice financial director of Busin Insurance Company and Evhenie Petryk – Director of Smida State Agency
Press-release
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30.03.2007
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15.01.2007 New rating agency is found In Ukraine
On January, 11, Rating Centre of Expert Ukraine IG was reformed to Expert Rating RA (rating agency) Ltd. Expert Rating RA Ltd. completely answers the Securities and Stock market State Comission’s terms laid to authorized rating agencies.
Expert Rating will actively participate in the process of the development of all segments of the rating services market in Ukraine and is ready at information support of the Expert Ukraine IG to offer the Ukrainian banks, the companies of financial sector and the industrial companies following rating services:
- credit ratings;
- ratings of corporate governance;
- information-consulting services concerning rating procedure;
- carrying out of rating researches under the mass media order.
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19.12.2006 The new rating agency will appear in Ukraine soon

At the press conference in "Interfax-Ukraine" IA Iskander Khisamov, the head of the Expert Ukraine projects , the editor-in-chief of the leading business magazine " Expert Ukraine " has announced the creation of the new rating agency in Ukraine. Answering the question of "Interfax-Ukraine", Iskander Khisamov has told: " We are busy with creation of rating agency nowadays. It will participate in subsequent competitions conducted by SSMSC (regulator) to win the status of the authorized agency and will actively work in the Ukrainian market of rating services»
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19.12.2006 The rating research of the large regional insurance company is completed
By results of research the Dniproinmed Company was appropriated the a rating of stability according to the scale worked up by Expert RC. The a rating mark means a high level of stability of the insurance company. Dniproinmed JSIC has given consent to the publication of the rating report on sites of Expert RC and SMIDA. Appropriation of the rating of stability to the Dniproinmed JSIC became an information occasion for the press conference conducted in Interfax Ukraine I.A. on December 19. Representatives of leading mass media took part at the press conferences.
Page of company on www.expertra.com (RUS)
Page of company on www.smida.gov.ua (ENG)
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18.12.2006 Rating of cities and regions
The rating center of the “Expert Ukraine" information group has published in the Expert Ukraine magazine, issue 49, December 18, 2006, the annual Rating of investment attractiveness of regions of Ukraine
The rating of regions in 2006 is added by the rating of the largest cities of Ukraine. Using the data basis of official and market statistics the Rating center has estimated efficiency of formation of demand of townspeople in large cities (with the population more than 200 000 person) and cities of regional submission. The information service of the Rating center thanks the Ukraine Association of cities, administrations of Lugansk, Alchevsk (Lugansk region), Lisichansk (Lugansk region), Lutsk, Poltava, Ternopol, Uzhgorod , Khmelnitsk, Kherson, Svetlovodsk (the Kirovograd region), Alexandriya (the Kirovograd region), Sumy, Kerch cities, TNS company and the "STATUS" business regional edition for the rendered assistance on data gathering.
Rating of regions (RUS)
Rating of the largest cities (RUS)
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12.12.2006 The interview with director of SMIDA is published
On December, 12th the information partner of Expert RC Russia’s " Securities market " magazine has published interview with" Evgenie Petrik director of Official body The Stock market infrastructure development agency
Read interview (RUS)
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11.12.2006
December, 11, 2006. The insurer's fatal Banking analytic article by Vitaly Shapran Expert RC's chief analyst published in The Insurer magazine entered the list of 10 best analytic publications in M&A International Media Award 2006 contest. The annual contest held by M&A International,Inc. and Angermann M&A International, GmbH embraces the analysts and journalists covering problems of merges and acquisitions. 140 articles of 90 authors from 20 countries and 50 business editions including: Bloomberg News, Financial Times Deutschland, International Herald Tribune, Het Financieele Dagblad, The Times took part in the contest. The independent jury of the contest is comprised of 8 professionals of A&M market including mr-s Hong Zhang Deutsche Bank Institute, China, prof., Howard Steinberg, McDermott Will & Emery, USA, Hans Hendrik Fischer, Danfoss, Denmark.
The certificate
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11.12.2006
December, 11, 2006. The insurer's fatal Banking analytic article by Vitaly Shapran Expert RC's chief analyst published in The Insurer magazine entered the list of 10 best analytic publications in M&A International Media Award 2006 contest. The annual contest held by M&A International,Inc. and Angermann M&A International, GmbH embraces the analysts and journalists covering problems of merges and acquisitions. 140 articles of 90 authors from 20 countries and 50 business editions including: Bloomberg News, Financial Times Deutschland, International Herald Tribune, Het Financieele Dagblad, The Times took part in the contest. The independent jury of the contest is comprised of 8 professionals of A&M market including mr-s Hong Zhang Deutsche Bank Institute, China, prof., Howard Steinberg, McDermott Will & Emery, USA, Hans Hendrik Fischer, Danfoss, Denmark.
The certificate
Text
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17.10.2006 PZU Insurance group above suspicion
In September 2006, Expert RC conducted a study of the stability of risk and life insurance companies. Both OJSC PZU Ukraine Insurance Company and OJSC PZU Ukraine Life Insurance Company made it to the group of Ukraine’s most transparent companies. These two companies demonstrated high standards of corporate governance and strong aspirations toward transparency, disclosing more information than is typical for the Ukrainian market. Having analysed their reports, Expert RA’s research team made positive conclusions about the companies’ stability.
release RUS
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16.10.2006 Memorandum on cooperation with SMIDA is signed
In October 16, 2006 Expert Ukraine Ltd has signed the memorandum on cooperation with official body " Stock market infrastructure development agency”(SMIDA). The parties have agreed about integration of efforts on improvement of disclosing of the information.
release UKR
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18.09.2006. Stability rating of Ukrainian insurance companies
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11.09.2006 Rates of mortgages’ fraud
Dear Mrs.! Analytical service of Expert Ukraine Group’s Rating centre is turning your attention to the information about growth of so called efficient rates of mortgages to population. This information is being distributed by Internet and other electronic mass media for about 3 months. We regard this information to be untrue and groundless. The goal of this information is to mislead the participants of the market in favor of certain banks.
release RUS
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04.09.2006 Rating of attractiveness of Ukrainian banks’ mortgages
Rating Centre of Expert Ukraine Group has completed the Rating of attractiveness of banks’ mortgages. The project is based on public information and assigned without the request of banks. The main goal of the research was to reveal the most attractive for population mortgage products.
release RUS
Magazine version RUS
Full version of research RUS
English translation order Adip Khisamov akhisamov@expert.ua
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17.07.2006 Research of the Ukrainian market of the audit and consulting services
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25.06.2006 Expansion of foreign banks into Ukraine research
Expert Ukraine magazine has published Not everyone is here yet article by Vladimir Dukhnenko head of RC and Vitaliy Shapran Chief financial analyst. The article gives a systems analysis of acquisition of Ukrainian banks by foreigners and emphasizes competitive struggle among the largest bank holdings in Ukrainian market. Article is accompanied by commentaries by Victor Marchenko coordinator of EBRD in Ukrainian financial sector and Vitaliy Lomakovitch Chairman of the board of BM Bank. Basic results of the research are published in issue #25(75), June 25, 2006.
Magazine version ENG
Magazine version RUS
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25.05.2006 Ukrainian investment Summit. The Focus Day of Ukrainian IPOs (May 23-24, 2006 a.,London)
The 11 annual Ukrainian investment Summit by the official maintenance of Expert Ukraine magazine and National IPO Committee took place in London on May 23-24, 2006. Within the frames of the Summit the special Focus Day of Ukrainian IPOs passed off. The Day of Ukrainian IPOs consisted of four sessions. At the first session (History of the IPO’s development in Ukraine) Expert Ukraine magazine’s science editor Andrei Blinov has spoken. The fourth session (Looking forward: planning of IPO and the forecast for issuers) was moderated by Iskander Khisamov, editor-in-chief of Expert Ukraine magazine and Head of National IPO Committee .
About summit RUS
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24.04.2006 Rating of Ukrainian banks’ liability
The Rating Centre of Expert Ukraine IG in common with Commission in banking analysis of Ukrainian Society of financial analyzers (USFA) for the first time in the Ukraine’s history have conducted the rating of Ukrainian banks. Banks whose net assets by 2005 year-end were worth less than UAH 200m had not been taken into consideration. The unique technique of rating estimation which was worked out by the working group of 20 experts has allowed to confer the p.i rating category of liability to 96 out of 161 banks.
Magazine version ENG
Magazine version RUS
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21.02.2006 Rating of the industrial enterprises
Worth and value in Ukrainian industry- rating of the investment attractiveness of open joint stock companies by Expert round table conducted by Expert Ukraine IG took place on February 21, 2006 in Kievskiy President hotel. The Rating Centre has made a presentation of its Rating of the largest by capitalization industrial enterprises of Ukraine included into FFTS listing. The results of the rating were published in magazine’s issue #7(58) on February 20, 2006. The round table was moderated by Iskander Khisamov editor-in-chief of Expert Ukraine magazine. Representatives of government authorities, FFTS, USFA, Art-capital, Avtoalians, BPT Grop, Stirol JSV, Ukrtelecom JSV companies took part in dispute.
Magazine version ENG
Magazine version RUS
About summit RUS
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26.12.2005 Regions’ rating
The Expert Ukraine IG has made a presentation of its first own rating of Ukrainian regions’ investment attractiveness published in magazine’s issue # 49 (52), December 26, 2005. The research showed there are no regions in Ukraine with eitherminimal or maximum risk level, and this highlights the potential for profitable investment into any Ukrainian region.
Magazine version ENG
Magazine version RUS
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