OREANDA-NEWS. On 11 August 2009 was announced, that in a statement on Friday, Fitch Ratings said that it affirmed the long-term issuer default ratings of Ukraine’s two state-owned banks, Ukreximbank and Oschadbank at ‘B’ with a negative outlook. Fitch said the ratings are supposed by potential measures from the Ukrainian authorities, if needed.

Concorde Capital: Ukreximbank’s bonds that mature on September 23 already trade at about 100% of par value, meaning that investors expect that the bank to repay the bonds in full.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.