Moody's Investors Service has upgraded the Bank of Moscow's financial strength rating from "D-" to "D"

The international rating service Moody’s Investors Service has upgraded the Bank of Moscow’s financial strength rating from "D-" to "D". The given rating reflects the extent to which the Bank is dependent on its shareholders. Moody’s Investors Service has also confirmed the other Bank of Moscow ratings — the long-term credit rating (Âàà2, outlook "stable") and the Eurobond rating (À3, outlook "stable").

"The rating reflects the successful development, diversification of business and growth of the regional network of the Bank", says Moody’s Investors Service analyst Vladlen Kuznetsov. "The decision to raise the rating was dictated by the fact that the Bank of Moscow is in fourth place among Russia’s banks and has an extensive network of branches, this promoting its further development".

Center of public relations, Bank of Moscow
(495) 624-74-40
pr@mmbank.ru

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