Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MDM Bank OJSC > News item |
S&P lowers MDM Bank
Standard & Poor’s said it lowered the long-term counterparty credit rating on MDM Bank to B+ from BB- and affirmed the B short-term counterparty credit rating.
The outlook is negative.
The agency also said it lowered the Russia national scale rating on MDM Bank to ruA from ruAA-.
The downgrade reflects continuing pressure on MDM Bank’s financial profile, notably its asset quality and profitability.
S&P said it believes MDM Bank’s market share and capacity to deliver stable earnings have significantly deteriorated in the past few years.
© 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.