London, 30 July 2014 -- Moody's Investors Service has today confirmed the
B3 long-term global local and foreign-currency deposit ratings and B3
local-currency senior unsecured debt rating of Russlavbank (Russia).
Simultaneously, the rating agency confirmed the bank's E+ standalone bank
financial strength rating (BFSR) (which is equivalent to a baseline
credit assessment (BCA) of b3). The outlook on the E+ standalone BFSR and
B3 long-term deposit and debt ratings is negative.
The ratings confirmation concludes the bank's ratings review initiated by
Moody's on 7 May 2014.
Russlavbank's Not Prime short-term global local and foreign-currency
deposit ratings were not subject to the review.
Moody's rating action is primarily based on Russlavbank's unaudited
financial statements for January-July 2014, which were prepared in
accordance with local GAAP.