RusEnergy

10-31-2005 RBC News - Moody's Investors Service has upgraded the global scale long- and short-term foreign currency deposit ratings of nine banks in Russia. The banks' outstanding senior and subordinated foreign currency debt ratings have also been upgraded. The outlook on all of these ratings is stable, the rating agency said on Friday. This rating action follows Moody's recent decision to upgrade Russia's foreign currency bank deposit ceilings to Baa2/Prime-2 from Ba1/Not-Prime. The following banks were affected by the upgrade: Sberbank: long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime; foreign currency debt rating of senior unsecured debt upgraded to A2 from Baa2; foreign currency debt rating of subordinated loan participation notes upgraded to A3 from Baa2. Vneshtorgbank: long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime; foreign currency debt rating of notes of all series of US dollar-denominated debt issuance programme of VTB Capital S.A. upgraded to A2 from Baa2; foreign currency debt rating of subordinated loan participation notes issued by VTB Capital S.A. upgraded to A3 from Baa2. Gazprombank: long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime; foreign currency debt rating of loan participation notes issued by GPB Eurobond Finance Plc. upgraded to Baa1 from Baa2; EMTN Programme of Gazinvest Finance B.V. and medium-term notes issued by Gazinvest Luxembourg S.A. upgraded to Baa1 from Baa2. JSCB Bank of Moscow: Long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime; foreign currency debt rating of all issues by Kuznetski Capital S.A. upgraded to Baa1 from Baa2. Russian Bank for Development: Long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime; foreign currency debt rating of loan participation notes issued by RBD Capital S.A. upgraded to Baa2 from Baa3. Vnesheconombank: Long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime. Russian Agricultural Bank: Long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime. KMB-Bank: Long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime. ZAO Raiffeisenbank Austria: Long- and short-term foreign currency deposit ratings upgraded to Baa2/Prime-2 from Ba1/Not Prime.