OREANDA-NEWS. February 26, 2008. Moody’s Investors Service upgraded the long- and short-term local and foreign currency deposit ratings of JSC Rosbank (“Rosbank”) to Baa3/Prime-3 (positive outlook) from Ba2/Not Prime (stable outlook). Moody’s also upgraded the foreign currency debt ratings assigned to the debt issuance programme of Rosbank Finance S.A. to Baa3/Prime-3 (positive outlook) from Ba2/Not Prime (stable outlook), reported the press-centre of Rosbank.

Rosbank’s Bank Financial Strength Rating (“BFSR”) of D was affirmed with stable outlook. Concurrently, Moody’s Interfax Rating Agency upgraded Rosbank’s long-term national scale rating to Aaa.ru from Aa2.ru. Moscow-based Moody’s Interfax is majority-owned by Moody’s, a leading global rating agency.

The following ratings were upgraded:

Long-term and short-term ratings of the US$750 million Guaranteed Debt Issuance Programme of Rosbank Finance S.A. (Luxembourg) unconditionally and irrevocably guaranteed by Rosbank – to Baa3/Prime-3 (positive outlook) from Ba2/Not Prime

Long-term and short-term local and foreign currency deposit ratings of Rosbank – to Baa3/Prime-3 (positive outlook) from Ba2/Not Prime

National Scale Rating – to Aaa.ru (National Scale Ratings carry no specific outlook) from Aa2.ru

The following ratings were affirmed:
Bank Financial Strength Rating (stable outlook).