London, 11 August 2014 -- Moody's Investors Service has today assigned the following ratings to VTB Bank (Armenia) (VTBAR): local currency deposit rating of Ba1, foreign currency deposit rating of Ba3, bank financial strength of D- (equivalent to a ba3 baseline credit assessment [BCA]), and Not-Prime short-term deposit ratings. The bank's long-term global local currency deposit rating carries a negative outlook, the long-term global foreign currency deposit rating and the BFSR carry a stable outlook.

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