Moody's downgrades credit ratings of Nadra, Ukrprombank
23 January 2009
Moody’s Investors Service cut its credit ratings on Nadra and Ukrprombank yesterday over concerns that they will run out of funds to meet financial obligations, according to Bloomberg. Nadra, Ukraine’s #7 largest lender by assets, saw its foreign-currency debt rating go from B1 to B2. Ukrprombank, Ukraine’s #15 largest bank, had its long-term local and foreign currency ratings go from B2 to Caa2.
