LIMASSOL, Nov. 21 - Moody's Investors Service has assigned a Ba1 rating with positive outlook to the local currency (hryvnia-denominated) bonds to be issued by Ukrsotsbank, which will represent a senior unsecured claim on the bank.

The rating, which is based on the bank's fundamental credit strength and imputes some degree of support from the Ukrainian financial authorities, pertains only to those bonds denominated in local currency. The ratings do not reflect any transfer risk and are therefore neither constrained by the B2 foreign currency deposit ceiling for Ukraine, nor directly comparable with the published foreign currency ratings of other Ukrainian financial institutions.