OREANDA-NEWS. Moody's Investors Service has assigned the following global scale ratings with stable outlook to Ural Bank for Reconstruction and Development (UBRD): B3 long-term and Not-Prime (NP) short-term foreign and local currency deposit ratings and an E+ financial strength rating (FSR).

At the same time, Moody's Interfax Rating Agency has assigned a Baa2.ru long-term national scale credit rating (NSR) to the bank. Moscow-based Moody's Interfax is majority-owned by Moody's Investors Service.

UBRD's FSR is underpinned by its position as one of the banking leaders in its home Oblast of Sverdlovsk and in the neighbouring Oblast of Chelybinsk located in the east of the European part of Russia. As the economy of both regions is currently developing quite dynamically and UBRD has established relationships with a number of large local companies from mining, metallurgy and some other industries, its business within this territory has the potential for further growth.