Ukrsibbank Upcoming Eurobonds Rated By Moody's, Fitch
22 June 2008
International ratings agencies have assigned the upcoming Eurobond issue of Ukrsibbank, Ukraine’s third largest bank by assets, long-term ratings. Moody’s assigned a Ba2 rating while Fitch Ratings gave the issue a BB- rating. The outlook is positive on both ratings. HSBC Bank will issue the bonds to finance a loan to Ukrsibbank. BNP Paribas owns a 51% stake in Ukrsibbank.
