Moody’s Upgrades Vozrozhdenie Bank’s Rating to Вa2, Outlook Positive

3 October 2018

International rating agency Moody’s Investors Service (“Moody’s”) upgraded the Bank’s long-term local and foreign currency deposit ratings to Ba2 from B3. The outlook was changed to positive from rating under review.

The upgrade of the Bank’s baseline credit assessment is triggered by the completion of the transaction for acquisition by VTB Bank of a controlling stake of Vozrozhdenie Bank and stabilization of its ownership structure.

“The positive outlook of international agency Moody’s confirms that the strategy with respect to the Bank’s future has been correctly chosen,” commented Deputy Chairman of the Management Board of Vozrozhdenie Bank Vyacheslav Tomashevskiy. “The return of stable ratings to the Bank by rating agencies suggests the unanimous positive assessment of its current status.”

IFRS Financial Results of Vozrozhdenie Bank for 6M 2018
S&P Global Ratings Upgrades Vozrozhdenie Bank’s Rating to В+, Outlook Positive