Local currency deposit rating

Moody's Investors Service has upgraded the long-term global local currency deposit rating of JSC “BPS-Bank” to Ba3 from B1 on May 14, 2010. The bank's B2 long-term foreign currency deposit rating, Not Prime short-term local and foreign currency deposit ratings were affirmed, while the E+ BFSR remained unchanged. The B2 ratings and the BFSR were not subject to the rating review. All ratings now carry a stable outlook.

This rating action concludes the rating review initiated by Moody's in December 2009 following the acquisition of a 93.27% stake in BPS-Bank by Russia's Sberbank (rated Baa1/Prime-2). The bank's foreign currency deposit rating of B2 was unaffected by the rating review since it is constrained by the foreign currency deposit ceiling for Belarus of B2.

       Print version