Standard & Poor's Ratings Services on March 19 affirmed its 'CCC+/C' long- and short-term counterparty credit ratings on Ukraine-based Ukrsotsbank OJSC, S&P said in a statement.
The outlook is negative.
According to S&P, the ratings were subsequently
withdrawn at the bank’s request. As a result of the withdrawal,
Ukrsotsbank OJSC will no longer be subject to Standard & Poor’s
surveillance.
The ‘CCC+’ rating on the senior unsecured loan participation notes due in 2010 was also withdrawn.
The bank has no material foreign or domestic wholesale debt maturities until the end of 2009.
Ukrsotsbank was founded in 1990.
According to the National Bank of Ukraine, the bank
ranked fifth among Ukraine’s 182 operating banks in terms of total
assets (UAH 49.695 billion) on January 1, 2009.
