The rating agency IBI-Rating and the Ukrainian credit rating agency (UCRA) announced a merger. Both companies have the status of authorized rating agencies of the National Commission on Securities and Stock Market of Ukraine and are engaged in the business on the credit rating according to the National Rating Scale. It is reported by the IBI-Rating agency’s press service.
According to the report, the merger will occur on the basis of the IBI-Rating agency, the head of which stays its current director – Igor Andrusik.
The main objective of the merger is the consolidation of the business in the provision of credit rating services under the conditions of contraction of the financial market of Ukraine, accompanied by a significant decrease in the number of banks and bond issuers.
It is noted, that in the last 2 years in terms of activity and the number of customers of the IBI-Rating and the UCRA agency occupied 2nd and 3rd places in the market, respectively. The total customer base of the combined company will provide its leading position in the Ukrainian market ratings services.
“The strategy of the combined company will focus on the providing of the leadership, especially in the field of quality and objectivity of rating researches, giving to the investors the opportunity to assess risks in making decisions about investing in Ukraine”, – said Igor Andrusik.
According to the General Director of the «Ukrainian Credit-rating agency”, Stanislav Dubko, the UCRA Agency has become one of the most powerful and authoritative rating services market players just for 4 years.
“And now we are pleased to join forces with the IBI-Rating Agency, whose activities are in line with our ideas about the high quality standards of the rating analysis”, – he said.
The combined agency intends to adhere to the principles of international and national regulation of the rating activity, to ensure transparency in rating procedures and used methodologies, as well as to ensure a high level of liability to customers and users of the ratings.
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