Moody's ups Rosevrobank

Moody's Investors Service said it upgraded the national scale rating of Rosevrobank to A1.ru from A2.ru and affirmed its bank financial strength rating of E+, long-term foreign- and local-currency bank deposit ratings of B1, foreign-currency senior unsecured debt rating of B1 and not-prime short-term foreign- and local-currency deposit ratings.

The outlook is stable.

The ratings reflect the bank's global default and loss expectation, Moody's said.

Rosevrobank emerged from the global financial crisis in better shape than most of its similarly rated peers, the agency said.

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