Fitch ups Moscow Bank for Reconstruction view to positive

Fitch Ratings said it changed the outlooks on Russia-based Moscow Bank for Reconstruction and Development's issuer default rating and national long-term rating to positive from stable.

At the same time, the agency has affirmed its ratings at issuer default rating B, national long-term BBB-(rus), short-term B and support 4.

The bank's individual rating of D/E will be reviewed later in the year.

The revision of the outlooks follows the recent change to positive from stable in the outlook on the B+ issuer default rating of Sistema JSFC, a majority shareholder with an approximately 96% stake.

© 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.