Russia's National Standard Bank assigned 'B3/NP' ratings - Moody's |
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Published
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Tue, 23 Oct 2007 15:36
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MUMBAI (Thomson Financial) - Moody's Investors Service said it has assigned first-time 'B3/Not-Prime' local and foreign currency deposit ratings and an 'E+' bank financial strength rating (BFSR) to Russia's National Standard Bank (NS-Bank).The outlooks on all ratings are stable.Moody's-owned Moody's Interfax Rating Agency also assigned a 'Baa3.ru' long-term national scale credit rating to the bank.The ratings agency said the 'E+' BFSR, which translates into a baseline credit assessment of 'B3', is supported by NS-Bank's adequate capital position and low cost base. The bank's BFSR is also underpinned by its ultimate owner's ample financial resources, providing opportunities for market share growth through acquisitions.Moody's said the local currency deposit rating does not factor in any support from its shareholders.TFN.newsdesk@thomson.comrsh/pmiCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Russia's First United Bank assigned 'B3/NP' currency deposit ratings - Moody's 