trending Market Intelligence /marketintelligence/en/news-insights/trending/CdLtgk2e10OwURvt6zVmxA2 content esgSubNav
In This List

Moody's assigns credit assessment to Russian Agency for Housing Mortgage Lending

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Moody's assigns credit assessment to Russian Agency for Housing Mortgage Lending

Moody's on Dec. 7 assigned Russia-based JSC The Agency for Housing Mortgage Lending baseline and adjusted baseline credit assessments of "ba2".

At the same time, the agency affirmed the company's Ba1 long-term local- and foreign-currency issuer and long-term local-currency senior unsecured debt ratings, Not-Prime short-term issuer ratings and Ba1(cr)/Not-Prime(Cr) counterparty risk assessments. The outlook on the long-term issuer ratings is stable.

The action follows the Russian government's decision to transfer its 100% holding in Bank Rossiysky Capital (PJSC) to the Agency for Housing Mortgage Lending. The assignment of the baseline credit assessment reflects the current balance between the company's key credit strengths, which include prudent risk management, and weaknesses, which include its wholesale funding reliance.

Moody's expects the integration of Bank Rossiysky Capital to increase the Agency for Housing Mortgage Lending's leverage while also reducing profitability.