KIEV, Sept. 22 - Presidential politicking ahead of the January 2010 election is behind the policy confusion that has reigned at the National Bank of Ukraine for more than a year, the Moody's international ratings agency said in a comment on Tuesday.

According to the agency, policy disarray across the macroeconomic spectrum threatens a new standoff with the International Monetary Fund and another break in confidence that could renew downward pressure on Ukraine's B2 sovereign ratings.