Moody's Reconfirms SB Bank Deposit Ratings
OREANDA-NEWS. Moody's Investors international rating agency reconfirms the bank's foreign and national currency deposit ratings of B3, outlook stable.
Strong points outlined by the agency experts include SB Bank good asset quality as well as moderate concentration in the loan book considerably better compared to its peers.
“In December 2013 Standard & Poor's rating agency assigned “B” long-term credit rating to SB Bank. Therefore we have become one of these few Russian banks - there are about fifty of them - that are rated by two and more international rating agencies - said Andrey Egorov, SB Bank Chairman of the Board - As for the rating of Moody's, SB Bank “better-than-average” asset quality estimate in the current situation is a matter of principle.”
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