Finprombank -- Moody's downgrades Finprombank's deposit ratings to Caa2; outlook negative

London, 29 June 2016 -- Moody's Investors Service has today downgraded Finprombank's long-term local- and foreign-currency deposit ratings to Caa2 from B3. The outlook on the ratings is negative. Simultaneously, Moody's has downgraded the bank's baseline credit assessment (BCA) and adjusted BCA to caa2 from b3. Finprombank's long-term Counterparty Risk Assessment (CR Assessment) was downgraded to Caa1(cr) from B2(cr). The bank's Not Prime short-term local-currency and foreign-currency deposit ratings, as well as its short-term CR Assessment of Not Prime(cr) were affirmed.

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