Moody's Confirmed TransCreditBank's Ratings

Moody's confirmed TransCreditBank’s long-term rating for FX deposits at "Ba1", short-term rating at “Not Prime” and financial solvency at “D-“. The “stable” outlook for ratings was also confirmed.

In addition, Moody's confirmed long-term rating of the Bank’s priority obligations at “Ba1". Concurrently, Moody's Interfax Rating Agency confirmed the Bank’s rating by national scale at "Aa1.ru".

The agency stated that confirmation of TransCreditBank’s ratings followed a recent upgrade of outlook from “stable” to “positive” for ratings of TransCreditBank’s major shareholder - JSC RZhD - at "A3", which, in its turn, followed Russia’s sovereign rating upgrade from "Baa1" to "Baa2".

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