Commercial Bank AK BARS, PJSC -- Moody's downgrades AK BARS Bank's long-term deposit and debt ratings to B2 and baseline credit assessment to caa1

London, 29 October 2015 -- Moody's Investors Service has today downgraded the long-term local and foreign-currency deposit and senior unsecured debt ratings of Joint Stock Commercial Bank AK BARS, PJCS (AK BARS) to B2 from B1. It has also downgraded the bank's baseline credit assessment (BCA) and adjusted BCA to caa1 from b3, given the bank's weak standalone financial profile. Final B2 ratings incorporate a two-notch uplift from the bank's BCA based on our assessment of high likelihood of support from the government of Tatarstan (Ba2, Negative). Rating agency has affirmed the bank's short-term deposit ratings at Not-Prime. The outlook on the long-term ratings remains negative.

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