London, 05 November 2015 -- Moody's Investors Service has today downgraded the long-term local- and foreign-currency deposit ratings of MTS Bank PJSC to B3 from B2; the outlook on the ratings is negative. At the same time, Moody's has downgraded the bank's baseline credit assessment (BCA) to caa1 from b3 and the adjusted BCA to b3 from b2. The rating agency has also downgraded MTS Bank's subordinated debt rating to Caa1 from B3, and its long-term Counterparty Risk (CR) assessment to B2 (cr) from B1(cr). The Not-Prime local- and foreign-currency short-term deposit ratings, as well as the Not-Prime(cr) short-term CR assessment, have been affirmed.
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