Standard & Poor’s Ratings Services changed Bank Vozrozhdenie long-term counterparty credit rating to “B+” from “BB-” and the Russia national scale rating to “ruA+” from “ruAA-”. These ratings were removed from CreditWatch, where they were placed on June 17, 2009. The “B” short-term counterparty credit rating was affirmed. The outlook on all ratings is stable.
Moody’s Investors Service has yesterday announced the revised credit opinion on Bank Vozrozhdenie. The long-term rating of Bank Vozrozhdenie was affirmed on the same level Ba3 with “Negative” outlook, deposit ratings remained the same Ba3. The bank financial strength rating (BSFR) retains on the level D-.
Moody’s Investors Service has today affirmed the bank’s D- bank financial strength rating (BFSR), the Ba3/Not Prime local currency and foreign currency deposit ratings and the Aa3.ru national scale rating. The outlook on Bank Vozrozhdenie’s ratings was changed to negative from stable primarily due to worsening macroeconomic environment in Russia.