OREANDA-NEWS. Moody's Investors Service has upgraded the long term local and foreign currency deposit ratings of Finansbank (Russia) Ltd. ("FBR") to Ba1 from Ba2. The Senior Unsecured rating on the Loan Participation Notes issued by Finansbank Russia through a Luxembourg based vehicle has also been upgraded to Ba1 from Ba2.

By the same action, Moody's has confirmed FBR's D- FSR. FBR's short-term foreign and local currency deposit ratings are unaffected by this action and remain at Not-Prime (NP). All ratings have a stable outlook.

Moody's Interfax Rating Agency has upgraded FBR's National Scale Rating to Aa1.ru from Aa2.ru.