OREANDA-NEWS. December 22, 2009. As stated in Moody's press release, the rating agency Moody's is considering to increase the long-term rating of JSC "BPS-Bank" on deposits in local currency, reported the press-centre of BPS-Bank.   

In accordance with the Agency’s press-release, the Bank's B2 long-term foreign currency deposit rating, Not Prime short-term local and foreign currency deposit ratings and E+ bank financial strength rating (BFSR) were affirmed with stable outlook.

Moody's review for possible upgrade of JSC “BPS-Bank” local currency deposit rating reflects its view of the prospective level of parental support for the bank from Sberbank, which will additionally inject up to US300-350 million in BPS-Bank's capital in 2010-2014 and assist in attracting for up to US2 billion in funding to the bank during this period.

Moody's expects to complete the process of reviewing of BPS-Bank's B1 long-term local currency deposit rating as soon as the acquisition is completed, which may be as soon as by the end of this year.