OREANDA-NEWS. September 09, 2014. Moody’s Interfax Rating Agency has upgraded the rating of Bank IBA-Moscow LLC on a national scale from Baa3 up to Baa2, and Moody’s Investors Service changed the outlook rating of Bank IBA-Moscow on the international scale from B3 ‘Stable’ to B3 ‘Positive’.
 
The parent company of Russian bank OJSC International Bank of Azerbaijan, analyzing the activities of the Moscow bank, informs that Moody’s pointed out that in July 2014 IBA OJSC made an additional contribution to the authorized capital of Bank IBA-Moscow in the amount of 1.25 billion rubles.

This event is the most important over the last five years. It was also underlined that in recent years, the Bank has improved asset quality, reduced much its dependence on the parent bank’s funding through the issuance of its own bonds, and its main strategy is now to continue diversifying sources of funding.