S&P Confirms Ukrsotsbank's Rating.

Standard & Poor’s confirmed Ukrsotsbank’s (USCB: BUY) long-term credit rating and the rating for its deposit notes at B-. S&P said USCB’s long-term rating remains on its watch list with a positive outlook. The agency said Ukrsotsbank’s rating could be upgraded after Banca Intesa of Italy’s planned takeover is completed. Alexander Viktorov: Banca Intesa’s acquisition of Ukrsotsbank ran into obstacles because of a conflict between USCB’s current owner and minority shareholders, but that conflict appears to be settled and the deal now appears to be heading for completion.