Moodys

The international rating agency Moody’s upgraded deposit ratings of Russian Regional Development Bank in foreign and national currency to Ba2. The rating outlook on RRDB changed to «stable». The stable position of the bank at the financial market is confirmed by the updated credit opinion of Moodys yet again. As clarified by Moodys: The rating upgrade is driven by the capital increase which has been made recently and improved the financial standing of RRDB substantially, as well as by eliminating risks on rating downgrade due to stabilization of credit profile of the parent company of the Bank – PJSC Rosneft Oil Company.