Moody's drops Bank of Moscow rating to 'Ba2/E+', outlook 'Negative'

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Moody's drops Bank of Moscow rating to 'Ba2/E+', outlook 'Negative'

LONDON. July 8 (Interfax) - International rating agency Moody's has lowered its financial stability rating for Bank of Moscow to 'E+' from 'D-', its rating for long-term debt and deposits in foreign and national currency to 'Ba2' from 'Ba1', and its long-term subsidized foreign-debt rating to 'Ba3' from 'Ba2', a Moody's press release says.

The ratings outlook is 'Negative'.

The short-term rating for deposits in foreign currency was affirmed at 'Not-Prime'.