Fitch rates Bank of Moscow notes BBB

Fitch Ratings said it assigned Dali Capital plc's issue of RUB5 billion series 28 fixed-rate notes due 2009 a final long-term BBB rating. The notes are to finance an unsecured loan made by Barclays Bank plc to Russia-based Bank of Moscow, which is rated issuer default BBB, short-term F3, support 2, individual D and national long-term AA+(rus).

The outlook is stable.

The bank was established in 1995 and is now one of Russia's five largest banks in terms of assets. It employs a universal strategy with strong growth recorded in both corporate and retail segments, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.