Ukrsotsbank's rating affirmed at 'CCC+/C', then withdrawn at bank's request

20.03.2009 23:00 | Банк: Укрсоцбанк

/ kyivpost.com / 

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According to S&P, the ratings were subsequently withdrawn at the bank's request.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The 'CCC+' rating on the senior unsecured loan participation notes due in 2010 was also withdrawn.