04.02.2014 09:02:00
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BTA Bank -- Moody's upgrades BTA Bank to B3; revises outlook to positive from developing
London, 04 February 2014 -- Moody's Investors Service has today upgraded BTA Bank's long-term local- and foreign-currency deposit ratings to B3 from Caa1. Concurrently, Moody's raised the corresponding baseline credit assessment (BCA) to caa2 from caa3. The rating agency affirmed BTA Bank's standalone E bank financial strength rating (BFSR) and Not Prime short-term ratings. Moody's current assessment of a moderate probability of systemic support results in two notches uplift above the BCA of caa2. The outlook on the bank's long-term deposit ratings was revised to positive from developing, while the outlook on the BFSR remains stable.