Moody's upgrades MDM Bank to Ba1/NP (stable) following methodology refinement

07.05.2007 20:15

Moody's Investors Service raised the foreign currency deposit rating on MDM Bank to Ba1/NP from Ba2/NP as part of the application of its refined joint default analysis (JDA) and updated bank financial strength rating (BFSR) methodologies. MDM Bank financial strength rating was upgraded to D+ from D. The long term National Scale Rating is upgraded from Aa2.ru to Aa1.ru. The foreign currency senior unsecured debt rating is upgraded from Ba2 to Ba1. The foreign currency subordinated debt rating was raised to Ba2 from Ba3. The outlook on all of the Bank’s ratings is stable.

To view all ratings changes and other documents explaining Moody's bank rating methodologies, please use this link.

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23.07.2007 20:18

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