Moody's changes outlook on VAB Bank's deposit ratings to stable from positive (Moody's Corporation)

(Source: Moody's Corporation) London, 02 July 2013 -- Moody's Investors Service has today changed to stable from positive the outlook on VAB Bank's global local currency deposit ratings, which have been affirmed at Caa1. At the same time, Moody's has changed to stable from positive the outlook on the bank's standalone bank financial strength rating (BFSR) at E, which is equivalent to a baseline credit assessment (BCA) of caa1. The National Scale Rating (NSR) of Ba1.ua has been affirmed with no specific outlook. RATINGS RATIONALE Moody's change in outlook of VAB Bank's long-term deposit ratings reflects the bank's weak loss absorption capacity driven by weak...