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Moody's upgrades AIKB Tatfondbank OAO deposit and debt ratings to B2


Wednesday, 25 Jun 2014 07:32am EDT 

AIKB Tatfondbank OAO:Moody's Investors Service (Moody's) says that it has upgraded Tatfondbank's long-term local- and foreign-currency deposit and debt ratings to B2 from B3.Concurrently, Tatfondbank's standalone bank financial strength rating (BFSR) was upgraded to E+, equivalent to a baseline credit assessment (BCA) of b3, from E (formerly equivalent to caa1).The bank's Not Prime short-term ratings were affirmed.The outlook on the bank's BFSR and its long-term ratings is stable.The upgrade of Tatfondbank's ratings is driven by the substantial decrease in non-core banking assets, as well as a reduction in loans concentrations, supported by shareholder's capital injection. 

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