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Moody's downgrades Tatfondbank's debt and deposit ratings to Caa1 and places them on review for downgrade

December 15, 2016 | Cbonds

Moody's Investors Service has today downgraded Tatfondbank's long-term foreign and local-currency deposit and debt ratings to Caa1 from B3. At the same time, its baseline credit assessment (BCA) and adjusted BCA were downgraded to caa3 from caa1, while the Counterparty Risk Assessment (CRA) was downgraded to B3(cr) from B2(cr). All above mentioned ratings were placed on review for downgrade, reflecting the uncertainty regarding the bank's future financial standing and support.

Company: Tatfondbank

Full company namePublic Joint Stock Company "Joint stock investment commersial Bank "Tatfondbank" PJSC "Tatfondbank"
Country of riskRussia
Country of registrationRussia
IndustryBanks

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