OREANDA-NEWS. April 15, 2008. Moody’s, an international rating agency is now considering possible raising of long-term deposits and debt obligations in foreign currency ratings for a number of Ukrainian banks, including JSCIB “UkrSibbank”, reported the press-centre of UkrSibbank.

As of today, long-term deposits in foreign currency rating of “UkrSibbank” is В2, and debt securities (Eurobond) - Ba2 (being the highest index for Ukrainian banks). Before, the Bank’s ratings have been held back by the country ceiling.

According to Moody`s, these actions have been carried out due to possible upward corrections of Ukraine’s sovereign ratings.

As informed by Oleksandr Adarich, Chairman of the Management Board of JSCIB “UkrSibbank”: “Possible upgrade of “UkrSibbank’s” ratings is driven by positive performance indicators of the Bank, in particular, decrease of assets concentration, increase of funding sources diversification, as well as high probability of system support of the Bank by BNP Paribas, if necessary. It is worth mentioning that the world’s financial crisis did not influence significantly the activities of BNP Paribas Group that holds one of the leading positions on the global banking market. Being part of the strongest financial group helps “UkrSibbank” remain a leader on the financial market of Ukraine”.