Business Services Industry
UKRAINE: MOODY'S RATES BANK FINANCE AND CREDIT'S NOTES B2.
IPR Strategic Business Information Database, July, 2007
Moody's Investors Service has assigned a rating of B2 to the Loan Participation Notes to be issued on a limited recourse basis by UK-based special purpose vehicle BFC LPN no.1 PLC for the sole purpose of funding a loan to Ukraine's Bank Finance and Credit Ltd. (B2/Not-Prime/E ). The volume and the tenor of the issue have yet to be determined.
The outlook for the rating is stable. Moody's B2 long-term foreign currency debt rating is based on the fundamental credit quality of Bank Finance and Credit as an underlying borrower. The loan to the bank, which is the only source of repayment for the notes, will rank at least pari passu with the claims of all of Bank Finance and Credit's other unsecured creditors save those whose claims are preferred by any...
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