Research Update: Russia-Based MDM Bank Upgraded To 'BB-' On Bank Criteria Change; Outlook Stable Dec 11

  • ID: 2030769
  • December 2011
  • Standard & Poors
1 of 3

Following a review of Russia-based MDM Bank under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have raised our long-term rating on MDM Bank to 'BB-' from 'B+'. The 'B' short-term rating was affirmed. At the same time, we assigned an 'ruAA-' Russia national scale rating. The outlook is stable. Our ratings on MDM Bank reflect our 'bb' anchor for a commercial bank operating only in Russia, the bank's moderate business position, adequate capital and earnings, moderate risk position, average funding, and adequate liquidity. The counterparty credit rating is one notch higher than MDM's 'b+' stand-alone credit profile, reflecting our view of the moderate likelihood of extraordinary government support given the bank's moderate systemic importance in...

Companies mentioned in this report are: MDM Bank
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

Note: Product cover images may vary from those shown
2 of 3

MDM Bank

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown


  • Quick Help: This Credit Rating Report will be emailed to you.


If you have a more general question about our products please try our


Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.