Moody's upgrades Credit Bank of Moscow's ratings to Ba3 from B1, outlook stable
Rating Action: Moody's upgrades Credit Bank of Moscow's ratings to Ba3 from B1, outlook stable. Global Credit Research- 27 Sep 2017. Probability of government support now high; BCA downgraded to b2 from b1.Moskovskiy Kreditnyi Bank PAO is a Russian Federation-based bank. The Bank is engaged in Corporate Banking, Retail Banking, International Business and Small and Medium Enterprises (SME) finance. Corporate banking includes corporate lending, leasing, factoring, documentary transactions, accounts and payments, foreign exchange control, cash collection and delivery, liquidity placement, payroll projects and acquiring. Retail banking includes car loans, mortgage lending, bank cards, deposits by individuals, general purpose loans, payments and money transfers, safe deposit boxes, current accounts maintenance and unit investment funds. International Business includes trade and structured finance, international settlements, syndicated loans, eurobonds, multi-purpose projects with International Financial Institutions (IFIs) and foreign exchange. SME Finance includes European Bank for Reconstruction and Development and Black Sea Trade and Development Bank.
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