Transcreditbank to Act as Surety for CBR Loans
OREANDA-NEWS On 22 October was announced, that TransCreditBank is included on the list of credit istitutions which can act as surety to secure the Bank of Russia’s loans.
The list comprises fifty banks with appropriate credit ratings for long-term FX liabilities from at least one international rating agency – minimum "B+" from Standard&Poor's or Fitch Ratings or "B1" from Moody's Investors Service.
TransCreditBank is rated "BB" with stable outlook by Standard&Poor's (the rating was assigned in September 2008) and "Ba1" with stable outlook from Moody's Investors Service (February 2008).
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