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Fitch Assigns Ratings to Credit Bank of Moscow

23.09.2004

Fitch Ratings, the international rating agency, has assigned the following ratings to Russia’s Credit Bank of Moscow (CBM): Long-term ’B-’ (B minus); Short-term ’B’; Individual ’D’; and Support ’5’. The Outlook is Stable.

The ratings will allow to further expand the Bank’s international activities. They will significantly facilitate its trade finance operations as well as operations on international capital and loan markets making it possible to increase the volumes of international debt funding.