OREANDA-NEWS. On November 28, 2008 Moody's Investors Service upgraded the long-term global scale local and foreign currency deposit ratings of Expobank to Ba1 from B3. At the same time, Expobank's E+ bank, reported the press-centre of Expobank.

financial strength rating (BFSR) and its Not Prime short-term global scale local and foreign currency deposit ratings were affirmed. Concurrently, Moody's Interfax Rating Agency upgraded Expobank's National Scale Rating (NSR) to Aa1.ru from Baa2.ru.

The following ratings of Expobank were upgraded:

- BCA was upgraded to B2 from B3

- Long-term global scale local and foreign currency deposit ratings were upgraded to Ba1 (stable outlook) from B3 (review for possible upgrade)

- NSR was upgraded to Aa1.ru from Baa2.ru (review for possible upgrade)

- NSR of the bank's 3-year ruble-denominated bonds issued in December 2006 in the amount of RUB1 billion was upgraded to Aa1.ru from Baa2.ru (review for possible upgrade)

The following ratings were affirmed:
- E+ Bank Financial Strength Rating (stable outlook)
- Not-Prime short-term local and foreign currency deposit ratings.