Moody's lifts Expobank

Moody's Investors Service said it upgraded the long-term global-scale local and foreign currency deposit ratings of Expobank to Ba1 from B3.

At the same time, the agency said that Expobank's E+ bank financial strength rating and its Not Prime short-term global-scale local and foreign currency deposit ratings were affirmed.

Concurrently, Moody's Interfax said it upgraded Expobank's national-scale rating to Aa1.ru from Baa2.ru while all of the bank's global-scale ratings carry a stable outlook.

The agency noted that the upgrade follows the completion of the acquisition of a 100% stake in Expobank by Barclays Bank plc, rated Aa1/B.

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