Business Services Industry
MOODY'S ASSIGNS B2/NP/E+ RATINGS TO BANK FINANCE AND CREDIT
Info-Prod Research (Middle East), September, 2005
Moody's Investors Service has assigned B2 long-term and Not-Prime short-term foreign currency deposit ratings andan E Financial Strength Rating (FSR) to Bank Finance and Credit (Ukraine). All ratings carry stable outlooks.Bank Finance and Credit's foreign currency deposit ratings reflect itsfundamental credit strength and are not currently constrained by Ukraine'sB2 (stable outlook) country ceiling for such ratings.
The bank's ratingstake into account (i) its fast growing franchise and wide branch network;(ii) a loyal customer base that helped the bank to emerge from lastyear's turmoil relatively unscathed; (iii) experienced management; and(iv) promising business prospects from the expansion into retail lending. However, the bank's ratings are at the same time constrained by...
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