London - Moody's downgrades Uniastrum Bank's long-term ratings to Caa1, outlook negative
October 23, 2012 Moody's Investors Service
London, 23 October 2012 -- Moody's Investors Service has today downgraded
the bank deposit ratings of Uniastrum Bank to Caa1 from B2. Uniastrum
Bank's standalone bank financial strength rating (BFSR) was downgraded to
E mapping to standalone credit assessment caa1 from E+/b2. All the
aforementioned ratings carry a negative outlook.
Moody's assessment is primarily based on Uniastrum's 2012 monthly
accounting statements prepared under local statutory accounting rules
(Russian Accounting Standards or RAS), as well as its audited financial
statements for 2011 prepared under IFRS.
Company — Uniastrum bank
Full nameCOMMERCIAL BANK "UNIASTRUM BANK" (LIMITED LIABILITY COMPANY)