Moody's turns Tinkoff Bank view to positive

Moody's Investors Service said it changed Tinkoff Bank’s outlook to positive from stable and affirmed the local-currency Ba3 senior unsecured debt rating.

“The outlook revision on Tinkoff's ratings to positive from stable is driven by the bank's strengthening business diversification with increasing share of non-credit business revenue stream, which makes its earnings less cyclical and underpins loss-absorption capacity,” Moody’s said in a press release.

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