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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Moscow, January 15, 2008 -- Moody's Investors Service has withdrawn the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

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redeemedUkraine01/25/201495,000,000 USDWithdrawn/-/-

Company: Bank Finance and Credit

Full company nameFinance and Credit Bank, Public company
Country of riskUkraine


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