Moody's withdraws B2 rating on Bank Finance and Credit Ltd loan participation notes
January 16, 2008 | Cbonds
| Withdrawal follows postponement of sale Moscow, January 15, 2008 -- Moody's Investors Service has withdrawn the B2 rating for the loan participation notes that were expected to be issued by UK-based special purpose vehicle BFC No.1 for the sole purpose of funding a loan to Ukraine's Bank Finance and Credit Ltd., due to the postponement of the sale at the issuer's option in light of unfavourable market conditions. Headquartered in Kyiv, Ukraine, Bank Finance and Credit reported total assets of US$1.445 billion under IFRS as of 31 December 2006. |
Issue: Bank Finance and Credit, 10.50% 25jan2014, USD
| Status | Country of risk | Maturity (option) | Amount | Issue ratings (M/S&P/F) |
|---|---|---|---|---|
| redeemed | Ukraine | 01/25/2014 | 95,000,000 USD | Withdrawn/-/- |
Company: Bank Finance and Credit
| Full company name | Finance and Credit Bank, Public company |
| Country of risk | Ukraine |
| Industry | Banks |
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