Moodys Lifts Sviaz-Bank Ratings to B1/A1.ru
OREANDA-NEWS. September 06, 2010. The Moody’s Investors Service Rating Agency confirmed Sviaz-Bank’s financial stability rating at E+, and raised its long-term rating of deposits in national and foreign currencies to B1 from its previous B2 rating. The Agency assesses “positively” its forecast for the Bank’s long-term rating of deposits in national and foreign currencies, reported the press-centre of Sviaz-Bank.
The Moody’s Interfax Rating Agency also raised the Bank’s rating of deposits on the national scale by as much as three points to А1.ru from its previous Baa1.ru.
The Agency reports that Sviaz-Bank’s ratings could be raised owing to the Bank’s positive financial performance in the first six months of 2010 and its high capital adequacy levels with financial support from Vnesheconombank, its shareholder.
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