Moody's rates B&N Bank B2

Moody's Investors Service said it assigned B2 long-term and not-prime short-term local- and foreign-currency deposit ratings and an E+ bank financial strength rating to B&N Bank. The agency also said it affirmed the bank's A3.ru long-term national scale credit rating.

The outlook is stable.

The ratings are underpinned by the bank's visibility in the retail deposit-taking market, the adequate geographic diversification of its business and its satisfactory financial indicators, Moody's said.

The ratings are primarily constrained by relatively high single-name and industry concentrations in the loan portfolio, some corporate governance and risk management issues and the still challenging operating environment in Russia, the agency 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.