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Moody's withdraws credit ratings of Rodovid Bank

January 24, 2012 | Moody's Investors Service

London, 24 January 2012 -- Moody's Investors Service has today withdrawn all ratings of Rodovid Bank (Ukraine) for business reasons. At the time of withdrawal, Rodovid Bank's ratings were as follows: long-term local and foreign currency deposit ratings of Caa2 with developing outlook, short-term local and foreign currency ratings of Not Prime, Bank Financial Strength Rating (BFSR) of E with stable outlook, and B3.ua National Scale Rating (NSR) with no specific outlook.

RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its Web site, www.moodys.com.

Headquartered in Kiev, Ukraine, Rodovid Bank reported total assets of
UAH10.48 billion (USD 1.3 billion) and total equity of UAH1.15 billion (USD 143 million) in accordance with Ukrainian Accounting Standards at year-end 2010.

Moody's National Scale Ratings (NSRs) are intended as relative measures of creditworthiness among debt issues and issuers within a country, enabling market participants to better differentiate relative risks.
NSRs differ from Moody's global scale ratings in that they are not globally comparable with the full universe of Moody's rated entities, but only with NSRs for other rated debt issues and issuers within the same country. NSRs are designated by a ".nn" country modifier signifying the relevant country, as in ".mx" for Mexico. For further information on Moody's approach to national scale ratings, please refer to Moody's Rating Implementation Guidance published in March 2011 entitled "Mapping Moody's National Scale Ratings to Global Scale Ratings".



REGULATORY DISCLOSURES

The rating has been disclosed to the rated entity or its designated
agent(s) and issued with no amendment resulting from that disclosure.

Moody's Investors Service may have provided Ancillary or Other Permissible
Service(s) to the rated entity or its related third parties within the two years preceding the credit rating action. Please see the special report "Ancillary or other permissible services provided to entities rated by MIS's EU credit rating agencies" on the ratings disclosure page on our website www.moodys.com for further information.

Please see the ratings disclosure page on www.moodys.com for general disclosure on potential conflicts of interests.

Please see the ratings disclosure page on www.moodys.com for information on (A) MCO's major shareholders (above 5%) and for (B) further information regarding certain affiliations that may exist between directors of MCO and rated entities as well as (C) the names of entities that hold ratings from MIS that have also publicly reported to the SEC an ownership interest in MCO of more than 5%. A member of the board of directors of this rated entity may also be a member of the board of directors of a shareholder of Moody's Corporation; however, Moody's has not independently verified this matter.

Please see Moody's Rating Symbols and Definitions on the Rating Process page on www.moodys.com for further information on the meaning of each rating category and the definition of default and recovery.

Please see ratings tab on the issuer/entity page on www.moodys.com for the last rating action and the rating history.

The date on which some ratings were first released goes back to a time before Moody's ratings were fully digitized and accurate data may not be available. Consequently, Moody's provides a date that it believes is the most reliable and accurate based on the information that is available to it. Please see the ratings disclosure page on our website www.moodys.com for further information.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Company: Rodovid Bank

Full company namePublic Joint Stock Company "Rodovid Bank"
Country of riskUkraine
IndustryBanks

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