Moody’s Investors Service raised Alfa-Bank foreign currency deposit rating to Ba1
09 May 2007

On May 4, 2007 Moody’s Investors Service raised the foreign currency deposit rating on Alfa-Bank to Ba1 from Ba2 as part of the application of its refined joint default analysis (JDA) and updated bank financial strength rating (BFSR) methodologies. Alfa-Bank financial strength rating was upgraded to D+ from D. The foreign currency senior unsecured debt rating was upgraded to Ba1 from Ba2. The foreign currency subordinated debt rating was raised to Ba2 from Ba3. The outlook on all of the Bank’s ratings is stable.

Alfa-Bank Russia

Alfa-Bank, founded in 1990, has developed rapidly to become one of Russia's largest privately owned banks. It provides a full range of banking services — corporate banking, retail banking, investment banking, asset management and trade finance. The Bank has 229 branches over nine time zones in Russia, Kazakhstan and the Netherlands and subsidiaries in the United Kingdom and the United States.

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