London, 08 November 2013 -- Moody's Investors Service has today upgraded the following ratings of TransCreditBank (Russia): long-term and short-term foreign- and local-currency deposit ratings to Baa2/Prime-2 from Baa3/Prime-3, as well as long-term local-currency debt rating to Baa2 from Baa3. The outlook on the long-term ratings is stable. The upgrade concludes the review initiated on 23 August 2013 after the merger was approved at the annual shareholder meeting. TransCreditBank's standalone bank financial strength rating (BFSR) of D- -- equivalent to a baseline credit assessment (BCA) of ba3 -- was not subject to the review, and remained unchanged.

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