Moody's changes Russia banks

Moody's Investors Service said it published the rating results for banks in Russia as part of the application of its refined joint default analysis and updated bank financial strength rating methodologies.

Moody's implemented the methodologies for the ratings of 79 Russian banks. The bank financial strength ratings of twelve Russian banks were upgraded by one notch as a result of improving financial fundamentals and evolving franchises. The implementation also led to the lift in the deposit ratings of three other banks by one notch, the agency said.

The rating changes include:

Absolut Bank's bank financial strength rating was upgraded to D- from E+. The local-currency deposit ratings are assigned at Ba3/not-prime. The foreign-currency deposit ratings are upgraded to Ba3/not-prime from B1/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba3 from B1. The long-term national-scale rating is upgraded to Aa3.ru from A1.ru. The outlook is stable.

Ak Bars Bank's bank financial strength rating is upgraded to D- from E+. The foreign-currency deposit ratings are upgraded to Ba2/not-prime from Ba3/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba2 from Ba3. The long-term national-scale rating is upgraded to Aa2.ru from Aa3.ru. The outlook is stable.

Alfa-Bank's bank financial strength rating is upgraded to D+ from D. The foreign-currency deposit ratings are upgraded to Ba1/not-prime from Ba2/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba1 from Ba2. The foreign-currency subordinated debt rating is upgraded to Ba2 from Ba3. The outlook is stable.

Bank Saint-Petersburg OJSC's bank financial strength rating is upgraded to D- from E+. The foreign-currency deposit ratings are upgraded to Ba3/not-prime from B1/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba3 from B1. The outlook is stable.

Commercial Bank "Renaissance Capital" LLC's bank financial strength rating is unchanged at E+. The local- and foreign-currency deposit ratings are upgraded to B1/not-prime from B2/not-prime. The outlook is stable.

JSB Rosbank's bank financial strength rating is upgraded to D from D-. The foreign-currency deposit ratings are upgraded to Ba2/not-prime from Ba3/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba2 from Ba3. The long-term national-scale rating is upgraded to Aa2.ru from Aa3.ru. The outlook is stable.

JSC URSA Bank's bank financial strength rating is upgraded to D- from E+. The foreign-currency deposit ratings are upgraded to Ba3/not-prime from B1/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba3 from B1. The foreign-currency subordinated debt rating is upgraded to B1 from B2. The outlook is stable.

MDM Bank's bank financial strength rating is upgraded to D+ from D. The foreign-currency deposit ratings are upgraded to Ba1/not-prime from Ba2/not-prime. The long-term national-scale rating is upgraded to Aa1.ru from Aa2.ru. The foreign-currency senior unsecured debt rating is upgraded to Ba1 from Ba2. The foreign-currency subordinated debt rating is upgraded to Ba2 from Ba3. The outlook is stable.

Sberbank's bank financial strength rating is upgraded to D+ from D. The foreign-currency deposit ratings are unchanged at Baa2/prime-2. The long-term national-scale rating is unchanged at Aaa.ru. The foreign-currency senior unsecured debt rating is unchanged at A2. The foreign-currency subordinated debt rating is unchanged at A2. The outlook is stable.

Tatfondbank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are upgraded to B2/not-prime from B3/not-prime. The long-term national-scale rating is upgraded to Baa1.ru from Baa2.ru. The foreign-currency senior unsecured debt rating is upgraded to B2 from B3. The outlook is stable.

TransCreditBank's bank financial strength rating is upgraded to D- from E+. The foreign-currency deposit ratings and foreign-currency senior unsecured debt rating are unchanged at Ba3. The national-scale rating is unchanged at Aa3.ru. The outlook on the bank financial strength rating is stable, the bank's deposit and debt ratings remain on review for possible upgrade.

VTB24s bank financial strength rating is upgraded to D- from E+. The local-currency deposit ratings are unchanged at A1/prime-1. The foreign-currency deposit ratings are unchanged at Baa2/prime-2. The long-term national-scale rating is unchanged at Aaa.ru. The foreign-currency senior unsecured debt rating is unchanged at A2. The foreign-currency subordinated debt rating is unchanged at A2. The outlook is stable.

Zenit Bank's bank financial strength rating is upgraded to D- from E+. The foreign-currency deposit ratings are upgraded to Ba3/not-prime from B1/not-prime. The foreign-currency senior unsecured debt rating is upgraded to Ba3 from B1. The outlook is stable.

Center-Invest Bank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are unchanged at B1/not-prime. The long-term national-scale rating is upgraded to A1.ru from A2.ru. The outlook is positive.

Credit Bank of Moscow's bank financial strength rating is unchanged at E+. The local-currency deposit ratings are assigned at B1/not-prime. The foreign-currency deposit ratings are unchanged at B1/not-prime. The long term national-scale rating is upgraded to A1.ru from A2.ru. The foreign-currency backed senior unsecured debt rating is unchanged at B1. The outlook is positive.

TranscapitalBank JSC Bank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are unchanged at B1/not-prime. The long-term national-scale rating is upgraded to A1.ru from A2.ru. The foreign-currency senior unsecured debt rating is unchanged at B1. The outlook is positive.

Impexbank JSC's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings remain unchanged at Baa2/prime-2. The foreign-currency senior unsecured debt rating is downgraded to Baa2 from A2. The bank financial strength rating outlook is positive while the outlook on the other ratings is stable.

KMB-Bank's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings are downgraded to Baa3/prime-3 from Baa2/prime-2. The long-term national-scale rating is unchanged at Aaa.ru. The outlook on the bank financial strength rating is positive, while it is stable on all other ratings.

Bank Uralsib's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings are unchanged at Ba3/not-prime. The foreign-currency senior unsecured debt rating is unchanged at Ba3/not-prime. The outlook is positive.

Bank VTB, JSC's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings are unchanged at Baa2/prime-2. The foreign-currency senior unsecured debt rating is unchanged at A2. A positive outlook has been assigned to the bank financial strength rating. All other ratings are stable.

JSCB Bank of Moscow's bank financial strength rating has been affirmed at D-. The foreign-currency deposit ratings and foreign-currency senior unsecured debt rating are unchanged at Baa2/prime-2 and A3, respectively. The foreign-currency subordinated debt rating has been affirmed at Baa1. A positive outlook has been assigned to the bank financial strength rating. All other ratings are stable.

Nomos Bank's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings are unchanged at Ba3/not-prime. The long-term national-scale rating is unchanged at Aa3.ru. The foreign-currency senior unsecured debt rating is unchanged at Ba3. The foreign-currency subordinated debt rating is unchanged at B1. The outlook is positive.

Promsvyazbank's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings and foreign-currency senior unsecured debt rating are unchanged at Ba3/not-prime and Ba3, respectively. The foreign-currency subordinated debt rating is unchanged at B1. The positive outlook has been assigned to the bank financial strength rating. The outlook is positive.

Trust Investment Bank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are unchanged at B1/not-prime. The foreign-currency senior unsecured debt rating is unchanged at B1. The outlook is positive.

The bank's ratings and outlooks that haven't changed include Akibank, Alta-Bank, Avtovazbank, B.I.N.Bank, Baltiyskiy Bank, Bank Severnaya Kazna, Bank Soyuz JSCB, Commercial Bank "Gubernsky" LLC, Credit Europe Bank Ltd., Evrofinance Mosnarbank, Expobank, First Czech Russian Bank, Fundservicebank, Gazbank JSCB, Gazprombank, Home Credit & Finance Bank, Industry & Construction Bank, International Industrial Bank, International Investment Bank, Interregional Investment Bank, Investment Trade Bank, JSC Industrial & Trade Bank Promtorgbank , Kedr Bank, Locko-bank, Metallinvestbank JSCB, Moscow Bank for Reconstruction & Development, Moscow Mortgage Agency, Natsionalny Kosmichesky Bank OAO, Petrocommerce Bank, Promsvyazbank, Rosdorbank, Rosevrobank, Rosprombank, Rossiysky Kapital Bank, Russ-Bank CJSC, Russian Agricultural Bank, Russian Bank for Development, Russian International Bank, Russian Standard Bank, SKB-Bank, Slavinvestbank, Solidarnost, Sudostroitelny Bank, Sviaz-Bank, Uniastrum Bank, Ural Bank for Reconstruction and Development, Vnesheconombank, Vneshprombank and Vostochny Express Bank.

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