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26.02.2008
Credit-Rating suspended European Bank for Development and Savings's rating
Credit-Rating, a nationally recognized credit rating agency in Ukraine, has today suspended a credit rating assigned to Simferopol-based European Bank for Development and Savings OJSC due to the recall of a license and liquidation proceedings (NBU`s Resolution #39 dated February 22, 2008 On the recall of a banking license and initiation of the liquidation proceedings against European Bank for Development and Savings Open-Joint Stock Company.
Before the rating`s suspension, the Bank had a long-term credit rating of uaBB- assigned according to the National Rating Scale with negative outlook. Since December 2007 the Bank`s rating has remained on Rating Watch List with negative outlook.
Information on all credit ratings assigned in accordance with the National Rating Scale may be found in REUTERS and BLOOMBERG Information Systems.
For more information, please contact:
Information and Communication Department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
