Analytical Credit Rating Agency (AСRA) assigns А-(RU) rating to CREDIT BANK OF MOSCOW, outlook positive


15 June 2017 Analytical Credit Rating Agency (“AСRA") assigned to CREDIT BANK OF MOSCOW (the “Bank”) the national scale credit rating А- (RU), positive outlook. Positive rating assessment factors noted by the agency include positive trends in some risk metrics, capital growth and profitability maintained during many years amid the challenging macroeconomic situation. AСRA also appreciated the Bank’s liquidity management quality and the absence of maturity mismatches. In AСRA’s opinion, the Bank is systemically important at the local level, which supported its rating.

AСRA evaluated highly the Bank’s international capital market transactions closed this year. A positive rating action may be prompted by a stronger capital position if loan portfolio quality does not deteriorate.

AСRA’s experts noted: "The Positive outlook assumes that the rating will most likely increase within the 12 to 18-month horizon, which can be driven by a consistent increase in the Bank’s capital adequacy".

The assigned rating meets the regulatory requirements for taking deposits from, and selling securities to, private pension funds (“PPFs"). Thus, the Bank remains entitled to borrow from PPFs.