Bank of Moscow will not fall

Banks Finansy01-10-2010 Bank of Moscow will not fall Fitch Ratings placed the ratings of Bank of Moscow (including long-term issuer default), the list to review with negative implications. This is due to a change in city government, which is the main shareholder of the bank. Ordinary depositors should not be afraid. The fall of the bank included in the deposit insurance system would be too expensive to the state. Until now, the long-term issuer default rating was at the level «BBB-», short-term RDE - at the level «F3», a long-term national scale rating - «AA + (rus)», the support rating "2", individual rating «D». Its decision analysts Fitch, explain the dismissal Mayor of Moscow Yuri Luzhkov decree of President Dmitry Medvedev and the appointment of the new mayor of Moscow. This poses a risk of worsening relations between the bank and the city authorities, experts say: "According to the agency takes into account the close relationship with the bank's previous city administration, large amounts of bank business with companies that are closely associated with the City." Fitch also draws attention to the confrontational nature, which is a change of power in the city.