Moody's Interfax withdraws Bank Rossiya's A3.ru rating
April 15, 2013 Moody's Investors Service
Moody's Interfax Rating Agency has today withdrawn the A3.ru long-term national scale rating (NSR) of Bank Rossiya.
Headquartered in Saint-Petersburg, Russia, Bank Rossiya reported -- as at
31 December 2011 -- total IFRS assets on non-consolidated basis of USD9.5 billion (latest available IFRS statement). As of 1 October, 2012 the bank reported total assets of USD9.7 billion and shareholders' equity of
USD801 million, according to its non-audited statutory reports under Russian Accounting Standards.
Moody's Interfax Rating Agency's National Scale Ratings (NSRs) are intended as relative measures of creditworthiness among debt issues and issuers within a country, enabling market participants to better differentiate relative risks. NSRs differ from Moody's global scale ratings in that they are not globally comparable with the full universe of Moody's rated entities, but only with NSRs for other rated debt issues and issuers within the same country. NSRs are designated by a ".nn" country modifier signifying the relevant country, as in ".ru" for Russia. For further information on Moody's approach to national scale ratings, please refer to Moody's Rating Methodology published in October
2012 entitled "Mapping Moody's National Scale Ratings to Global Scale Ratings".
ABOUT MOODY'S AND MOODY'S INTERFAX
Moody's Interfax Rating Agency (MIRA) specializes in credit risk analysis in Russia. MIRA is a joint-venture between Moody's Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, and the Interfax Information Services Group. Moody's Investors Service is a subsidiary of Moody's Corporation (NYSE: MCO).
For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to
jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Company — Bank Rossiya
Full nameBANK "ROSSIYA"