Moody's launches new Russian rating scale

Moody's Investors Service's Interfax agency said it introduced today a new national rating scale for use in the Russian Federation, which provides a ranking of relative creditworthiness, including relevant external support, in Russia and will use Moody's globally recognized rating symbols, modified with a (ru) marker.

Moody's said it will continue to issue global scale ratings comparable internationally, which would not carry the (ru) marker.

"Investors and other users of credit ratings have found national-scale ratings to be helpful in providing greater differentiation among credits within a country, which is particularly beneficial when ratings on a global scale reflect political and economic risks that may obscure company specific risks," said Alexander Rzhanov, Moody's Interfax general director.

Moody's said it release the following national-scale ratings: Absolut Bank at A2(ru), Alta-Bank at Baa3(ru), B.I.N.-Bank at A3(ru), Baltiyskiy Bank at A2(ru), Credit Bank of Moscow at A2(ru), Evrofinance Mosnarbank at Aa3(ru), First Czech-Russian Bank at A3(ru), Gazprombank at Aaa(ru), Industrial & Trade Bank Promtorgbank at Baa1(ru), Industry and Construction Bank at Aa3(ru), Ingosstrakh at Aa2(ru), Interregional Investment Bank at Baa1(ru), Investment Trade Bank at Baa1(ru);

KMB-Bank at Aa3(ru), MDM Bank at Aa2(ru), Petrocommerce Bank at A1(ru), Raiffeisenbank Austria at Aaa(ru), RosEvroBank at A2(ru), Rosprombank at Baa2(ru), Rosselhozbank at Aa3(ru), Rossiysky Kapital Bank at Baa1(ru), Russ-Bank at Baa1(ru), Russian Bank for Development at Aa1(ru), Slavianski Bank at Baa1(ru), Transcapitalbank at A2(ru),

TransCreditBank at Aa3(ru), Vozrozhdeniye Bank at A3(ru);

Chelyabinsk, Oblast of at Aa2(ru), Chuvashia, Republic of at Aa3(ru), Moscow, City of at Aaa(ru), Nizhnekamsk, City and District at Aa3(ru), Odintsovo, District of at A2(ru), Perm, Oblast of at Aa1(ru), Saint-Petersburg, City of at Aaa(ru), Samara, Oblast of at Aa2(ru), Udmurtia, Republic of at Aa2(ru), Vologda, Oblast of at Aa2(ru), Omsk, Oblast of at Aa3(ru) and RAO UES of Russia at Aa3(ru).

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