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Article: MOODY'S UPGRADES ROSPROMBANK TO B1/NP/A2.RU, AFFIRMS E+ BFSR

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Info-Prod Research (Middle East)
Article date:
December 1, 2008
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Moody's Investors Service today upgraded thelong-term local and foreign currency deposit ratings of Rosprombank to B1from B3. Rosprombank's bank financial strength rating ("BFSR") of E+ andits Not Prime short-term global scale local and foreign currency depositratings were affirmed. The outlook on all ratings is stable. Concurrently, Moody's Interfax Rating Agency upgraded the bank'slong- term national scale rating to A2.ru from Baa2.ru. Moscow- basedMoody's Interfax is majority-owned by Moody's, a leading global ratingagency. In September 2008, Marfin Popular Bank Public Company Ltd (MPB, ratedA3/P-1/C-, stable) completed its acquisition of a 50.04% stake in ZAO"RPB-Holding", which owns ...

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