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Moody’s Investors Service reconfirmed its E+/B1/NP ratings for Credit Bank of Moscow

26.07.2004

Moody’s Investors Service has successfully reconfirmed its E+ Financial Strength Rating (FSR) and ratings of B1/NP for long- and short-term foreign currency deposits for Credit Bank of Moscow (CBM). All ratings carry stable outlooks.

Thus Moody’s has finished the process of placing on review for possible downgrade the long-term foreign currency ratings of 18 banks in Russia caused by the recent turbulence on the Russian financial market.