S&P cuts Nadra to ‘CC’
16 February 2009
Standard & Poor’s, on Friday, lowered the long-term credit ratings on Nadra Bank from ‘B-‘ to ‘CC’ with a negative outlook. According to S&P, the change reflects the introduction of a one-year temporary administration at the bank by the National Bank of Ukraine and the six-month moratorium on credit obligations to stabilize the bank’s financial condition.
