Moody's affirms Eurasian Bank

Moody's Investors Service said it affirmed Eurasian Bank's standalone E+ bank financial strength rating, equivalent to a B1 standalone credit assessment, and the B1 long-term foreign-currency deposit ratings.

Moody's also affirmed Eurasian Bank's Not Prime short-term foreign-currency bank deposit rating, B1 local-currency senior unsecured debt rating and B2 local-currency subordinated debt rating.

The outlook on the long-term deposit and debt ratings remains negative.

Moody's said the affirmation of Eurasian Bank's ratings with a negative outlook is based on the bank's audited financial statements for 2011 prepared under insurance financial strength rating and its first quarter 2012 unaudited results prepared under local GAAP.

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