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London, 24 January 2012 -- Moody's Investors Service has today withdrawn all ratings of Rodovid Bank (Ukraine) for business reasons.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.
Moody's has withdrawn the rating for its own business reasons.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.
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Company — Rodovid Bank
Full namePublic Joint Stock Company "Rodovid Bank"