Novikombank JSCB -- Moody's places Novikombank's B2 long-term deposit and debt ratings on review for downgrade

London, 23 May 2016 -- Moody's Investors Service (Moody's) has today placed on review for downgrade Novikombank JSCB's B2 long-term local- and foreign-currency deposit ratings, and has affirmed its Not-Prime short-term deposit ratings. Concurrently, Moody's has downgraded Novikombank's baseline credit assessment (BCA) and adjusted BCA to caa1 from b3 and placed it on review for further downgrade. Moody's has also placed on review for downgrade the bank's long-term Counterparty Risk Assessment (CR Assessment) of B1(cr) and affirmed the bank's short-term CR Assessment of Not-Prime(cr).

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