The international agency Moody’s has confirmed RRDB ratings

Moscow, 15 February. The international rating agency Moody’s Investors Service confirmed the Russian Regional Development Bank’s ratings. Deposit ratings are Ba1/NP and national scale rating is Aa1.ru. The Bank Financial Strength Rating (BFSR) is at E+. The forecast for all ratings is stable. Global deposit rating – B1/NP, deposit rating in rational currency – Ba1/Not-Prime. The Financial Strength Rating (FSR) is at E+. The forecast for all ratings is stable.

Moody’s Credit Opinion confirmed once more the stable position of the bank on the financial market. This stable position is reflected in the high and stable level of RRDB ratings. When evaluating the bank liquidity, Moody’s noted “RRDB adequate position thanks to its access to financing from Rosneft and the Central Bank, if necessary.”

Once again, the agency underlined RRDB reliability and financial stability. For the oil company Rosneft, RRDB is a major clearing bank in national currency. It also performs a number of treasury functions for the oil company and serves most of its staff.