OREANDA-NEWS. Expert RA Rating Agency (RAEX) upgraded its credit rating in respect of MOSCOMBANK to Level A, Sublevel 3 (high creditworthiness). The rating outlook is stable, meaning that it is very likely to remain intact in the medium term. Earlier, the bank enjoyed Level B++ rating (acceptable creditworthiness), with positive outlook.

The rating was upgraded due to increased capitalization and improved liquidity. High level of capital adequacy and low level of bad debt on balance were pointed out as positive factors.

The downside factors include narrow corporate customer base, and nonoptimal structure of resource base requiring a significant liquidity cushion.