KIEV, Aug. 18 – Foreign parental groups could trim support given to daughter companies in Ukraine in the light of further reduction in public credit and the recession of the Ukrainian economy, according to the Credit-Rating agency.
"In H2, 2009 we expect... further fall in crediting of the public and the real economic sector; the increase of distrust between market players; a loss or considerable weakening of the interest of foreign investors to the Ukrainian financial market; and a cut in support given to the majority of daughter banks by foreign parental groups," reads a posting on the agency's Web site.
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