International rating agency Moody's affirmed ratings Credit Europe Bank (Russia) Ltd. and changed outlook to positive from stable

30.10.2019

25 October 2019 Moody's Investors Service ("Moody's") changed the issuer’s outlook on Credit Europe Bank (Russia) Ltd. and the outlook on its long-term local and foreign-currency deposit ratings to positive from stable, affirming the bank's B1 long-term deposit ratings in national and foreign currencies

The positive outlook acknowledges consistently solid financial performance in the recent years and the recent strengthening of the bank's market franchise. According to analysts the bank has a solid capital buffer, loan portfolio is well diversified.