Moody's assigns MDM Bank program Ba2

Moody's Investors Service said it has assigned a Ba2 long-term local currency debt rating to the local currency-denominated exchange-traded bond program of MDM Bank.

Concurrently, Moody's Interfax said it assigned a long-term national-scale rating of Aa2.ru to this program.

The outlook on the global-scale program rating is negative, while the national-scale rating carries no specific outlook, the agency said.

Given that the notes issued under the program will represent a senior unsecured claim on the issuer, the agency said that the assigned Ba2/Aa2.ru debt ratings are in line with MDM Bank's Ba2 global-scale deposit ratings and Aa2.ru issuer rating.

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