OREANDA-NEWS  On 06 March was announced, that since June 2004 OJSC “Kreditprombank” regularly used the services of rating agency "Moody’s Investors Service Ltd".

According to cooperation agreements, rating agency Moody’s has at any time the right to stop or withdraw the assigned ratings while Kreditprombank has at any time the right to refuse from the services of rating agency.

Thus, on 05 February 2009 because of low activity of international financial institutions related to investments in Ukraine, Kreditprombank initiated suspension of cooperation with Moody’s, being based on decision made by the bank to maintain only one international rating in the future. On 02.03.2009 rating agency Moody’s informed on withdrawal of Kreditprombank ratings because of cancellation of relationship.