Moody’s Confirmed Ratings of Bank Finance and Credit
OREANDA-NEWS. October 24, 2008. Moody's Investors Service affirmed ratings of Bank 'Finance and Credit': local currency deposit and foreign currency naked debenture ratings B1/NP; financial strength rating E+; national scale local currency deposit rating Aa3.ua. Ratings have stable outlook.
Besides, in order to bring into conformity with country ratings Moody's Investors Service changed its outlook on foreign currency deposits from stable to positive, however the rating itself remained unchanged – B2/NP.
According to Volodymyr Khlyvniuk, Chairman of the Board, Bank 'Finance and Credit', "cooperation with Moody's Investors Service is very important for us, because its conclusions serve as a guide for international financial organizations and investors. The fact that Moody's has affirmed our ratings shows, that even in financial crisis conditions the situation in the Bank is stable, the Bank fulfills its duties, controls its financial results and development program."
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