January 24, 2012 |
|London, 24 January 2012 -- Moody's Investors Service has today withdrawn all ratings of Rodovid Bank (Ukraine) for business reasons.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.|
Moody's has withdrawn the rating for its own business reasons.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".
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Company: Rodovid Bank
|Full company name||Public Joint Stock Company "Rodovid Bank"|
|Country of risk||Ukraine|