News and events

12 september 2005
Fitch assigns expected BB- rating to Loan Participation Notes to be issued

Fitch Ratings has assigned an expected Long-term 'BB-' (BB minus) rating to the upcoming issue of limited recourse loan participation notes by Credit Suisse First Boston International's ("CSFBi") solely for financing a loan to the JSC Ukreximbank. According to Fitch, “the assignment of the final rating is contingent on receipt of final documentation conforming materially to information already received”. “Ukreximbank was founded in 1992 and was the sixth largest Ukrainian bank by assets at end-2004, with a network of over 80 branches and outlets across Ukraine. In addition to its commercial banking activities, Ukreximbank is the only Ukrainian bank that acts as a financial agent of the Ukrainian government in attracting and servicing international loans to Ukrainian corporates, which are extended under state guarantee.”