Business Services Industry
RUSSIA: MOODY'S UPGRADES ROSBANK TO BAA3/P-3/AAA.RU, POSITIVE OUTLOOK.
IPR Strategic Business Information Database, February, 2008
Moody's Investors Service today upgraded the long- and short-term local and foreign currency deposit ratings of JSC Rosbank ("Rosbank") to Baa3/Prime-3 (positive outlook) from Ba2/Not Prime (stable outlook). Moody's also upgraded the foreign currency debt ratings assigned to the debt issuance programme of Rosbank Finance S.A.
to Baa3/Prime-3 (positive outlook) from Ba2/Not Prime (stable outlook). Rosbank's Bank Financial Strength Rating ("BFSR") of D was affirmed with stable outlook. Concurrently, Moody's Interfax Rating Agency upgraded Rosbank's long-term national scale rating to Aaa.ru from Aa2.ru. Moscow-based Moody's Interfax is majority-owned by Moody's, a leading global rating agency. Moody's noted that the upgrades were prompted by the recent...
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