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Moody's upgrades Metallurgical Commercial Bank's long-term deposit ratings to B1; outlook stable

January 20, 2017 | Cbonds

Moody's Investors Service, ("Moody's") has today upgraded the long-term local- and foreign-currency deposit ratings of Metallurgical Commercial Bank (Metcombank) to B1 from B2. The bank's baseline credit assessment (BCA) of b2 was affirmed, while its adjusted BCA was upgraded to b1 from b2. The rating agency has also upgraded Metcombank's long-term Counterparty Risk Assessment (CR Assessment) to Ba3(cr) from B1(cr) and affirmed the short-term deposit ratings of Not-Prime as well as the short-term CR Assessment of Not-Prime(cr). The outlook on the bank's long-term deposit ratings is stable.

Company: Metcombank

Full company name"Metallurgical Commercial Bank" Joint Stock Company
Country of riskRussia
Country of registrationRussia
IndustryBanks

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