Bank Uralsib -- Moody's upgrades Bank Uralsib's long-term deposit ratings to Caa1; positive outlook

London, 24 May 2016 -- Moody's Investors Service has today upgraded the long-term local and foreign-currency deposit ratings of Bank Uralsib to Caa1 from Caa2. It has also affirmed the bank's short-term local and foreign-currency deposit ratings at Not-Prime. Concurrently, Moody's has upgraded Bank Uralsib's baseline credit assessment (BCA) and adjusted BCA to caa2 from ca, upgraded the bank's long-term Counterparty Risk Assessment (CR Assessment) to B3(cr) from Caa1(cr) and affirmed the bank's short-term CR Assessment of Not-Prime(cr). The outlook on the bank's long-term deposit ratings is positive.

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