International rating agency Moody’s has placed its long-term foreign currency and local currency deposit rating of Baa3 and short-term foreign currency and local currency deposit rating of Prime 3 on Transcreditbank on Rating Watch Positive (RWP), the agency said in a press release.
The lender’s long-term local currency debt rating of Baa3 was also placed on RWP, while its BFSR was affirmed at D-.
Transcreditbank, Russian Railways’s backbone bank, has been getting ready to integrate with VTB Group’s retail unit, VTB 24, which will happen in November.
