Moody’s gives MDM Bank Stable outlook

Moody’s Investors Services, the international rating agency, changed the outlook of MDM Bank’s D financial strength rating (BFSR) and Ba2 foreign currency deposit rating from Negative to Stable.

The agency feels this promotion signifies the bank’s enhanced liquidity and great market capitalization as well as the successful completion of the merger between MDM Bank and URSA Bank. Moody’s reports the recently united bank preserved and improved its corporate structure and basic financial performance indicators.

‘The merger was generally beneficent for MDM Bank’s market presence, its brand awareness, corporate governance, and risk management practices,’ Moody’s analysts report.

The new outlook also stands for the bank’s great capacity to absorb losses and its strong profit-making potential, all of which allowed MDM Bank to become Russia’s only large bank that did not have to apply for the government or stakeholders’ support to maintain the necessary capital standards during the recession.

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