Business Services Industry
UKRAINE: MOODY'S WITHDRAWS B2 RATING ON BANK FINANCE AND CREDIT LTD LOAN PARTICIPATION NOTES.
IPR Strategic Business Information Database, January, 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Moody's Investors Service has withdrawn the B2 rating for the loan participation notes that were expected to be issued by UK-based special purpose vehicle BFC No.1 for the sole purpose of funding a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.
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