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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : MarketLine
Provider : Investcafe

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Moody' upgrades AKB Bank Moskvy OAO's deposit rating, outlook stable

Thursday, 12 Dec 2013 07:00pm EST 

Moody's Investors Service:Upgrades AKB Bank Moskvy OAO's (Bank of Moscow) deposit ratings and senior unsecured debt ratings to Ba1 from Ba2 and its subordinated debt rating to Ba3 from B1.Says the outlook is stable.Says the rating upgrade reflects a higher probability of support to Bank of Moscow from its parent, Bank VTB, JSC.Says at the same time, Moody's affirms Bank of Moscow's standalone E+ bank financial strength rating (BFSR), which maps to a baseline credit assessment (BCA) of b2, and the bank's Not Prime short-term deposit ratings. 

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