RusRating has assigned a credit rating of BBB- (stable outlook) to Credit Bank of Moscow
07.08.2009
On 07 August 2009 Russian rating agency RusRating assigned initial credit rating of BBB- (stable outlook) to Credit Bank of Moscow. According to the Agency’s assessment methodology, the assigned rating proves CBM’s relatively high level of creditworthiness. Its financial standing is estimated as firm and stable. According to RusRating analysts, positive factors include federal government backing in the form of credit resources, the support of the Bank’s owner, stable ties to core corporate clients and an established business, including strong positions in the private deposits market. The Agency also mentioned good level of the Bank’s loan portfolio quality and sufficient level of capital adequacy.