RRDB: market positions in ratings

Moscow, 9 August. The international rating agency Moody’s has once again confirmed the long-term deposit rating of the Russian Regional Development Bank at Ba1. The bank financial strength was rated at Е+, while forecast was rated stable.

This world leading rating agency monitors RRDB on a regular basis and consistently confirms the Bank’s high ratings. At the beginning of this year, the agency Moody’s Investors Service published a press-release, which once again noted the Bank’s strong position on the financial market. When assessing the Bank’s liquidity, Moody’s noted: “RRDB’s adequate position thanks to its access to financing from Rosneft and the Central Bank, if necessary.”

The agency has once again underlined RRDB’s reliability and financial stability, which is the major clearing bank in the national currency for the Oil Company Rosneft. The Bank also performs a number of treasury functions for the oil company and serves most of its employees.

At present, the agency Moody’s has awarded the following ratings to RRDB. As Bank Financial Strength Rating, RRDB was awarded E+. B1/NP – for global deposit rating and Ba1/Not-Prime for deposit rating in national currency, Financial Strength Rating (FSR): E+; and Aa1.ru for national rating.