trending Market Intelligence /marketintelligence/en/news-insights/trending/LBwMQFl68Yb93wYmwC_Z-g2 content esgSubNav
In This List

Moody's changes outlook on Credit Bank of Moscow to positive from stable

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Moody's changes outlook on Credit Bank of Moscow to positive from stable

Moody's on June 9 changed the overall outlook on PAO Credit Bank of Moscow to positive from stable.

The agency also affirmed the bank's B1 long-term local- and foreign-currency senior unsecured debt and deposit ratings and changed the outlook on the ratings to positive from stable. It also affirmed Credit Bank's "b1" baseline and adjusted baseline credit assessments; Not Prime short-term local- and foreign-currency deposit ratings; and Ba3(cr)/Not Prime(cr) long- and short-term counterparty risk assessments.

The outlook revision reflects an improvement in the bank's solvency metrics, including in asset quality, with problem loans amounting to 9.1% of gross loans, below the average of 14% for Russian banks with a "b1" baseline credit assessment. It also reflects improvements in profitability and capital adequacy.