OREANDA-NEWS. Moody's Interfax Rating Agency has assigned a Ba2.ru long-term national scale credit rating (NSR) to Donskoy Narodny Bank (DNB). Moscow-based Moody's Interfax is majority-owned by Moody's Investors Service (Moody's), a leading global rating agency.

According to Moody's Interfax, the Ba2.ru NSR reflects the standing of DNB's credit quality relative to its domestic peers.

DNB's Ba2.ru NSR is underpinned by its relatively developed branch network as the bank currently has 41 outlets in the Oblast of Rostov in the south of Russia, as well as by historically low level of overdue loans which, in DNB's operating environment, to a significant extent derives from an efficient debt collection system.

The bank's sound funding base supported by a high proportion of retail deposits and their relative granularity also weigh positively on the bank's NSR.