20 Mar 2012 13:44

Moody's Interfax downgrades Kedr Bank's National Scale Rating to Baa1.ru from A3.ru

MOSCOW. March 20 (Interfax) - Moody's Interfax downgraded Kedr Bank's (Kedr's) long-term National Scale Rating to Baa1.ru from A3.ru on Tuesday. National scale ratings carry no specify outlook

The agency said in a statement: "Moody's assessment is primarily based on Kedr's financial statements for 2010 (audited) -- prepared under IFRS, and (unaudited) Russian GAAP as at 1 March 2012."