06.05.2015 15:55:00
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Bank Technique OJSC -- Moody's reviews Bank Technique's Caa1 ratings for downgrade
London, 06 May 2015 -- Moody's Investors Service has today placed on review for downgrade Bank Technique OJSC's Caa1 long-term local and foreign-currency deposit ratings and caa2 baseline credit assessment (BCA), reflecting the rating agency's view that the bank's capital cushion, undermined by a heavy one-off foreign-currency revaluation loss in February of this year, will not be replenished in a sufficient and timely manner. At the same time, Moody's has affirmed the Not-Prime short-term global local and foreign-currency deposit ratings.