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. Last Updated: 07/27/2016

Moody's Revises Rating

MOSCOW -- The international rating agency Moody's is upgrading the rating on Alba-Alliance bank's deposits in foreign currency from Ca/NP to Caa2/NP, Moody's said in a statement.

Its bank financial strength rating has been left at the level of E.

Moody's said Alba-Alliance managed to avoid the default on its foreign currency obligations and continues operating. The bank, however, is medium-sized, which limits its ratings. By the end of 1998, its composite assets totaled $47.32 million.