Moody’s Investors Service confirms URSA Bank’s rating

22 August 2008 (07:39)

Moody’s Investors Service, the international rating agency, confirmed URSA Bank’s BFSR at D- and its foreign currency deposit rating at Ba3/NP, with Stable Rating Outlook for both rating types.

Moody’s analysts report the bank’s current rating is based on the business’s stable position on its key Ural and Siberian markets; besides, URSA Bank keeps on developing rapidly and takes pride in good profitability and funding structure. Moody’s also commented upon the bank’s ‘telling financial and efficiency indicators’ and ‘good-level capital adequacy’.

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