KIEV, June 25 - Moody's Investors Service has assigned a long-term foreign currency debt rating of Ba2 to Loan Participation Notes to be issued on a limited recourse basis by HSBC Bank plc, for the sole purpose of funding a loan to UkrSibbank, Moody's said.

The outlook for the rating is positive.

The rating is based on UkrSibbank's Baa2 Global Local Currency rating, which imputes a high level of possible support from its 51% parent BNP Paribas. The rating of the notes has pierced Ukraine's Ba3 (positive outlook) foreign currency sovereign ceiling for bonds.