The long- and short-term foreign currency deposit ratings of Russia's largest state-owned retail bank Sberbank were upgraded to Baa2/Prime-2 from Ba1/Not Prime, the foreign currency debt rating of senior unsecured debt to A2 from Baa2 and the foreign currency debt rating of subordinated loan participation notes to A3 from Baa2.
The long- and short-term foreign currency deposit ratings of Vneshtorgbank (VTB), Russia's state-owned bank that services Russia's foreign trade, were upgraded to Baa2/Prime-2 from Ba1/Not Prime, the foreign currency debt rating of notes of the series of USD-denominated debt issuance program of VTB Capital S.A. to A2 from Baa2, the foreign currency debt rating of subordinated loan participation notes issued by VTB Capital S.A. to A3 from Baa2.
The long- and short-term foreign currency deposit ratings of Gazprombank (GPB), a subsidiary of Russian natural gas monopoly Gazprom and one of Russia's three leading banks in terms of equity capital and assets, were upgraded to Baa2/Prime-2 from Ba1/Not Prime, the foreign currency debt rating of loan participation notes issued by GPB Eurobond Finance Plc. to Baa1 from Baa2, the EMTN Program of Gazinvest Finance B.V. and medium-term notes issued by Gazinvest Luxembourg S.A. to Baa1 from Baa2.
The long- and short-term foreign currency deposit ratings of the Bank of Moscow, one of Russia's 30 largest banks, were upgraded to Baa2/Prime-2 from Ba1/Not Prime and the foreign currency debt rating of all issues by Kuznetski Capital S.A. to Baa1 from Baa2.
The long- and short-term foreign currency deposit ratings of the Russian Bank for Development, 100% owned by the Russian Federal Property Management Fund and ranked among top-20 Russian banks, were upgraded to Baa2/Prime-2 from Ba1/Not Prime and the foreign currency debt rating of loan participation notes issued by RBD Capital S.A. to Baa2 from Baa3.
The long- and short-term foreign currency deposit ratings of state-owned Vneshekonombank were upgraded to Baa2/Prime-2 from Ba1/Not Prime.
The long- and short-term foreign currency deposit ratings of state-owned Russian Agricultural Bank (Rosselkhozbank) were upgraded to Baa2/Prime-2 from Ba1/Not Prime.
The long- and short-term foreign currency deposit ratings of KMB-Bank, the only 100% foreign-owned bank in Russia, were upgraded to Baa2/Prime-2 from Ba1/Not Prime.
The long- and short-term foreign currency deposit ratings of Raiffeisenbank Austria, a 100% Russia-based subsidiary of Raiffeisenbank, were upgraded to Baa2/Prime-2 from Ba1/Not Prime.
