Moody's rates DeltaCredit bonds Baa3

Moody's Investors Service said it assigned a Baa3 long-term local currency senior debt rating to new series 11-IP local currency-denominated bonds secured by a pool of mortgage loans to be issued by DeltaCredit Bank.

The outlook is negative.

Moody's said it expects that the issue will be RUB 5 billion (about $170 million). The three-year bonds will constitute a direct obligation of the bank, in addition to being secured by a pool of residential mortgage loans.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.