OREANDA-NEWS. June 01, 2012. Moody’s Investors Service has aligned Ukreximbank’s credit ratings to the same levels at which the agency rates the Ukrainian government.

The rating action is a result of Moody's global review relating to the assessment of the linkage between the creditworthiness of sovereigns and financial institutions domiciled within that country. The implications of the review is discussed in the rating implementation guidance "How Sovereign Credit Quality May Affect Other Ratings" published on 13 February 2012, and was elaborated in the special comment "Banks and Sovereigns: Risk Correlations Constrain Standalone Bank Credit Assessments" published on 30 April 2012.