OREANDA-NEWS. May 2, 2012. RusRating has changed the outlook on Bank of Moscow’s credit rating from “uncertain” to “stable”. The rating itself remains unchanged at “AA+” and “BBB+” on the national and international scales respectively.

According to the agency, the change in outlook (from “uncertain” to “stable”) reflects ongoing solid federal government backing sufficient to offset financial risks.

The rating is based on the financial and political support of the Moscow authorities; a system-critical role in the Russian capital; and a solid, well-developed presence in virtually all segments of the banking market at the national level.

Constraining factors include reliance on political connections.

Bank of Moscow is a major universal bank with an extensive service network and is an established player in virtually all market segments at the national level. VTB, a leading state-sector bank, has been the largest shareholder since February 2011, while foreign investors hold smaller minority stakes and some shares circulate on the open market.