OREANDA-NEWS. On 14 July 2008 Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it will assign a credit rating to Kiev-based Universal Bank OJSC (`bank`). In the course of analysis Credit-Rating will consider bank`s financial statements and its other inside information.

A credit rating assigned to an obligor (entity) indicates its capacity to timely and in full meet its commitments on obligations. In the view of a rating`s level, investors may assess investment risks associated with the purchase of Issuer`s bonds.