Business Services Industry
RUSSIA: MOODY'S PLACES ROSBANK'S DEBT AND DEPOSIT RATINGS ON REVIEW FOR POSSIBLE UPGRADE.
IPR Strategic Business Information Database, December, 2007
Moody's Investors Service has placed on review for possible upgrade the Ba2 and Not-Prime long- and short-term local and foreign currency deposit ratings, and Aa2.ru National Scale Rating of JSC Rosbank (Rosbank). The review also covers the Ba2 and Not-Prime foreign currency debt ratings assigned to the debt issuance programme of Rosbank Finance S.A.
Moody's also affirmed Rosbank's Bank Financial Strength Rating (BFSR) of D with a stable outlook. Moody's noted that the review for possible upgrade was prompted by the recent announcement that Societe Generale -- a leading Western-European banking group rated Aa1/Prime-1/B (stable outlook), which currently owns a stake of 20% minus 1 share in Rosbank -- will exercise a call option on 30% plus 2 shares of...
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