Moody’s stops rating SKB-Bank
23 July 2015 (09:26)
UrBC, Yekaterinburg, July 23, 2015. The rating agency Moody’s no longer carries SKB-Bank’s ratings, the bank’s press service reports.
According to the bank representatives, the contract between SKB-Bank and Moody’s Investors Service recently expired, so the absence of rating information in the future has nothing to do with the bank’s performance.
SKB-Bank is currently liaising with Russian rating agencies such as Rus-Rating and Expert RA and also with Fitch Ratings.
The bank’s profits amounted to over 47m RUR in the first half of the year; SKB-Bank fully complies with all of the Bank of Russia’s normative requirements. The business also became Sverdlovsk Region Government’s authorized bank in April 2015.
According to the bank representatives, the contract between SKB-Bank and Moody’s Investors Service recently expired, so the absence of rating information in the future has nothing to do with the bank’s performance.
SKB-Bank is currently liaising with Russian rating agencies such as Rus-Rating and Expert RA and also with Fitch Ratings.
The bank’s profits amounted to over 47m RUR in the first half of the year; SKB-Bank fully complies with all of the Bank of Russia’s normative requirements. The business also became Sverdlovsk Region Government’s authorized bank in April 2015.
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