OREANDA-NEWS. February 26, 2010. Moody’s, the international rating agency, has withdrawn Ukrsotsbank ratings. According to the Agency, the decision was approved for business reasons. At the time of the withdrawal, Ukrsotsbank's ratings were as follows: long-term local currency deposit and debt ratings of Ba1 (stable outlook); long-term foreign currency deposit ratings of B3 (negative outlook); short-term local and foreign currency ratings of Not Prime; Bank Financial Strength Rating (BFSR) of D- (negative outlook), and National Scale Rating (NSR) of Aa1.ua.

Millennium Capital sees the news to be neutral, since after the redemption of its Eurobonds (USD 400mn) in February 2010, the Bank no longer required any international ratings. According to Millennium Capital’s estimations, USCB has the unredeemed domestic bonds of E-H series in the amount of UAH 2.8bn.