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Moody's downgrades Kedr Bank's deposit ratings to B3 from B2; outlook negative

July 16, 2014 | Moody's Investors Service

Moody's Investors Service has today downgraded
Kedr Bank's long-term global local- and foreign-currency deposit ratings to B3 from B2. At the same time, Moody's affirmed Kedr's standalone bank
financial strength rating (BFSR) at E+ with stable outlook, but the baseline credit assessment (BCA) was lowered to b3 (from b2). Moody's has also affirmed the Not-Prime short-term local- and foreign-currency deposit ratings. The outlook on the bank's long-term deposit ratings is negative.

Company: Kedr Commercial Bank

Full company nameKEDR Public Joint-Stock Company Commercial Bank
Country of riskRussia
Country of registrationRussia
IndustryBanks

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