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Moody’s affirms Center-invest Bank’s Ba3 rating again

On 18 September Moody′s affirmed Center-invest Bank’s Ba3 deposit and senior debt ratings, outlook stable. Center-invest Bank is the only bank in southern Russia to have had an international rating for over eight years.

Center-invest Bank has Ba3 international ratings for local currency and foreign currency deposits, outlook “stable”, and an national scale rating.

The Moody’s report says: “The affirmation of Center-invest Bank’s ratings reflects Moody’s assessment of the bank’s solid financial fundamentals, entrenched franchise in the Rostov region and good corporate governance.” The bank’s ratings have been upheld on the basis of its financial statements for 1H 2014.