Moody’s increases rating of IBA Moscow

Moody’s Investors Service has increased the long-term foreign currency Deposit Ratings of IBA Moscow from “B3” to “B2”, baseline credit assessment (BCA) from “B3” to “B2”.  
 
At the same time, the long-term risks assessment was affirmed at B-1. The outlook is stable, APA reports.
 
The Agency says that IBA-Moscow’s authorized capital raised up to 2 billion rubles. As a result, the adequacy of its total capital has reached 22.4%, and its Tier I capital up to 8.3% that exceeds the requirement of the Central Bank of Russia.
 
Agency’s experts expressed a hope that in the next 12-18 months capital positions and quality of IBA-Moscow’s assets will remain stable.