OREANDA-NEWS. Moody's Investors Service has assigned the following global scale ratings with stable outlook to the Russian institution Fundservicebank (FSB): B2 long-term and Not-Prime (NP) short-term foreign and local currency deposit ratings and an E+ financial strength rating (FSR).

At the same time, Moody's Interfax Rating Agency has assigned a Baa1.ru long-term national scale credit rating (NSR) to the bank. Moscow-based Moody's Interfax is majority-owned by Moody's, a leading global rating agency.

FSB's ratings are underpinned by the bank's entrenched and so far largely unthreatened niche franchise in its core market of the Russian space and aviation industries, which allows for continuous high-margin operations in this lucrative sector with high entry barriers.