Moody's affirms Evrofinance-Mosnarbank at Ba3

Moody's Investors Service said it confirmed the Ba3 long-term local and foreign currency deposit ratings of Evrofinance-Mosnarbank.

Moody's also affirmed Evrofinance-Mosnarbank's standalone E+ bank financial strength rating with a stable outlook, which maps to a standalone credit assessment of B1, as well as the Not Prime short-term local and foreign currency deposit ratings.

The outlook is negative.

In addition, Moody's Interfax confirmed the long-term national scale credit rating of Evrofinance-Mosnarbank at Aa3.ru.

Moody's said the confirmation of Evrofinance-Mosnarbank's long-term local and foreign currency deposit ratings reflects the increased probability of success in creating the interstate Russian-Venezuelan bank, Moscow Narodny Development Bank, on the basis of Evrofinance-Mosnarbank.

© 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.