Moody's gives SKB-Bank’s bonds B2

The international rating agency gave SKB-Bank’s BO 04 series bonds B2 on the rating scale, with Stable rating outlook. Any other bond issue that might follow this one will be given the same rating by Moody’s unless some dramatic changes occur in the bank’s overall credit rating, the agency reports.

Moody’s analysts see SKB-Bank’s good position on Sverdlovsk Region and other Russian constituencies’ banking services market as a rather positive thing. They also think favorably of the bank’s clear-cut development strategy and a wide range of products on offer.