Promsvyazbank Reports on Cooperation with Rating Agencies
OREANDA-NEWS. December 12, 2014. As part of the strategy to optimize costs and increase operating efficiency amid economic slowdown and challenging market conditions, Promsvyazbank (PSB) has made a decision to limit its cooperation to not more than two international and one national credit rating agencies, which will be Standard & Poor’s Ratings Services, Moody’s Investor Service and the National Rating Agency.
This decision ensures sufficiency and completeness of information about PSB provided to investors and counterparties on both domestic and international capital markets.
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