Moody's Investors Service confirms Rosbank's ratings

On April 26th, Moody's Investors Service confirmed ratings of 26 financial institutions domiciled in Russia, including Rosbank. Rosbank’s deposit ratings in domestic currency confirmed at Ba1/NP, foreign currency deposit ratings confirmed at Ba2/NP, counterparty risk assessment (CRA) confirmed at Baa3(cr)/P-3(cr). The adjusted baseline credit assessment (ABCA) was confirmed at ba1. The rating action followed the confirmation of Ba1 rating on Russia with negative outlook. Confirmation of Rosbank’s ratings reflects Moody’s assessment of a high probability of support from the bank’s majority shareholder, Societe Generale Group.