Moody's ups Moscow Bank for Reconstruction view to positive

Moody's Investors Service said it changed the outlook to positive from stable on the B1 long-term local- and B1 foreign-currency deposit ratings and foreign-currency debt rating and B2 subordinated debt rating of Moscow Bank for Reconstruction and Development. The bank's bank financial strength rating of E+ was affirmed.

The change in outlook reflects the upgrade of the bank's major shareholder - JSFC Sistema - to Ba3 with positive outlook.

The ratings incorporate probability of parental support from JSFC Sistema to the bank, in case of need, Moody's said.

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