Moody's downgrades Kedr Bank's deposit ratings to B3 from B2; outlook negative
July 16, 2014 Moody's Investors Service
Moody's Investors Service has today downgraded
Kedr Bank's long-term global local- and foreign-currency deposit ratings to B3 from B2. At the same time, Moody's affirmed Kedr's standalone bank
financial strength rating (BFSR) at E+ with stable outlook, but the baseline credit assessment (BCA) was lowered to b3 (from b2). Moody's has also affirmed the Not-Prime short-term local- and foreign-currency deposit ratings. The outlook on the bank's long-term deposit ratings is negative.
Company — Kedr Commercial Bank
Full nameKEDR Public Joint-Stock Company Commercial Bank