Moody's affirms Bank Uniastrum

Moody's Investors Service said it affirmed the Ba2 long-term global-scale local- and foreign- currency deposit ratings of Bank Uniastrum and national-scale rating of Aa2.ru. Its bank financial strength rating of E+ and not-prime short-term global-scale local- and foreign-currency deposit ratings remain unchanged.

The outlook is stable.

This action was triggered by the agency's recent action for Uniastrum's parent, Bank of Cyprus, in which it was placed on review for possible downgrade, Moody's said.

Moody's said that it continues to maintain an assumption of a high probability of parental support from Bank of Cyprus to its Russian subsidiary in case of need.

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