Moody‘s Ups Metcombank’s Rating
The bank’s long-term local currency and foreign currency deposit rating rose from B2 to B3, with the rating outlook adjusted from Positive to Stable; its adjusted credit rating went up from b2 to b3, and its long-term counterparty risk assessment changed from B1(cr) to B2(cr).
Metcombank’s short-term local currency and foreign currency deposit ratings have remained the same (at Not Prime), as has its short-term counterparty risk assessment (Not Prime), with rating outlook adjusted from Positive to Stable.
According to Moody‘s analysts, the rating improvements have to do with Metcombank increasing its capital amount last year and its better financial performance against the other market players whose ratings stand at B2 and B3.
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