Ukrsibbank’s upcoming Eurobonds receive ratings from Fitch, Moody’s
23 June 2008
On Friday, Fitch Ratings and Moody’s Investors Service said they have affirmed ratings to Ukrsibbank SPV Ukrainian MTN Finance Plc’s USD 2 bln loan participation notes. Fitch has assigned an expected long-term BB- rating on notes maturing in over one year and an expected short-term B rating for notes with lesser maturities. Fitch assigned an expected BB- rating to the program’s upcoming Series 1 issue. Moody’s assigned an Ba2 long-term rating. In related news, Ukrsibbank CEO Alexander Adarich said that this week the bank will start a road show for its upcoming USD 500 mln Eurobond issue.
