OREANDA-NEWS. July 13, 2010. Moody’s Investors Service has changed to Stable from Negative the Outlook on the D bank financial strength rating (BFSR) and the Ba2 long-term local and foreign currency deposit ratings of MDM Bank.

According to Moody’s, the rating action reflects MDM Bank’s strengthened liquidity profile and high capitalization level, as well as the successful completion of the merger of ex-MDM Bank and URSA Bank. The rating agency said that the merged bank preserved and improved its corporate profile and financial fundamentals. MDM Bank’s market franchise and brand recognition, in addition to its corporate governance and risk management practices, generally benefited from the merger.

This rating action, in the view of MDM Bank management, also reflects the high loss absorption and strong revenue-generating capacity that enabled MDM Bank to be the only major Russian bank not to rely on either the government or shareholders for capital support during the crisis.