Moody’s International Rating Agency once again confirmed the rating Â3/Baa2.ru/E+, forecast “stable”, conferred to the “First Republic Bank”. This rating was for the first time conferred to the “FRB” JSC in August, 2007.

“Confirmation of this rating with the forecast “stable”, especially under the present anything but simple conditions, testifies to the fact that the Bank’s work and development course was tailor-made.
Stability, trustworthiness and transparency of business are the exponents of activity of any financial institution. The Bank traditionally adheres to the conservative policy. I suppose, this is one of the reasons we manage to upkeep a steady position,” this was how Khurshed Yakubov, Vice-President-Financial Director of the “FRB” JSC, commented on the event.

According to the methodology used by Ìoody’s and Moody’s Interfax Rating Agency, the B3 rating on the international scale reflects the qualitative characteristics of the Bank credit worthiness as compared to the international issuers, while the Baa2.ru rating on the national scale makes it possible to consistently compare the Bank creditworthiness with the local financial industry representatives. The present rating reflects the Bank’s adherence to maximum openness and transparency.