Moody's ups TransCreditBank view to stable

Moody's Investors Service said it has changed the outlook on TransCreditBank's Ba3 long-term foreign currency deposit rating to stable from negative.

The outlook on the bank's E+ financial strength rating remains unchanged.

Moody's said the change of outlook is prompted by increased clarification regarding the structure of the privatization of the bank, currently 75% controlled by the government, which is likely to be sold to Russian Railways by means of the transfer of a 75% stake of the bank into the share capital of the latter.

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