OREANDA-NEWS. July 13, 2011. International rating agency Moody's Investors Service affirmed MDM Bank’s current long-term debt and deposit ratings of Ba2 along with MDM’s national scale rating of Aa2, with Stable outlook.

In its report, Moody’s among other factors that underpinned MDM’s ratings quoted the Bank’s sound corporate governance and risk management practices, as well as strong capital levels.

Konstantin Rogov, the CFO of MDM Bank, said that the Bank’s ratings remain highest among Russian privately-owned banks. Sustainable recovery of the Bank’s assets, its high liquidity level and wide geographic presence are expected to ensue the strengthening of the Bank’s credit profile.