Moody's: Stroykredit unaffected

Moody's Investors Service said that the recent uptick in spreads on Stroykredit Bank's local bonds do not affect the bank's standalone E bank financial strength rating or Caa1/Not Prime long-term, short-term local or foreign currency deposit ratings.

According to information published by the Central Bank of Russia on July 1, Stroykredit Bank's liquid assets are considered sufficient in case investors opt to fully exercise the put options due on July 28 on the bank's two local bonds outstanding in the combined amount of RUB 2 billion.

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