OREANDA-NEWS. Fitch Ratings has today affirmed Bank of Moscow's ("BOM") ratings at Issuer Default 'BBB', Short-term 'F3', Support '2', Individual 'D' and National Long-term 'AA+(rus)'. The Outlooks on the Issuer Default rating ("IDR") and National Long-term rating remain Stable.

BOM's IDR, Short-term, Support and National Long-term ratings are driven by the strong potential support from the City of Moscow, its majority shareholder.

BOM's Individual rating reflects its concentrated balance sheet, relatively high, albeit declining, levels of operations with the city and related entities, risks arising from rapid asset growth, low loan loss reserves and modest capitalisation.

The ratings also acknowledge BOM's strong franchise in Moscow, continued regional diversification, adequate liquidity and reasonable core profitability to date.