OREANDA-NEWS. On May 04, 2007 Moody’s Rating Agency has announced it has reviewed the D- Bank Financial Strength Rating (BFSR) of JSCB “Promsvyazbank”’s (PSB) from stable to positive, while the positive outlook of the Ba3 Issuer Rating remains unchanged, reported the press-centre of PSB.

BFSRs evaluate the stand-alone or intrinsic financial strength of banks without reference to external support factors. BFSRs are the starting point of Moody's bank credit analysis, and are an important determinant of Moody's bank deposit and debt ratings. According to PSB’s Management, such positive outlook better reflects the bank’s recent performance during the last period, characterized by strong growth, high level of profitability and liquidity, excellent asset quality and capitalization.

Management says: “this also indicates PSB’s potential rating upgrade without correlating it to the level of likelihood that German-based Commerzbank Auslandsbanken Holding AG, a wholly owned subsidiary of Commerzbank AG (rated IDR 'A'/Stable Outlook) would acquire a majority stake in PSB”.