Moody's affirms TransCreditBank

Moody's Investors Service said it affirmed TransCreditBank's long-term and not-prime short-term foreign-currency deposit ratings at Ba1, long-term foreign-currency debt rating for senior obligations at Ba1, bank financial strength rating at D- and national scale rating for deposits and debt at Aa1.ru.

The outlook is stable.

The affirmations follow a recent change in the outlook to positive on the ratings of Russian Railways, the controlling owner of the bank.

The ratings continue to incorporate the high probability of support from its parent, medium default dependence and intrinsic financial strength, Moody's said.

Its ratings are constrained by some uncertainty with regard to how long Russian Railways will maintain its controlling ownership and the extension of support going forward, the agency said.

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