Moody's Upgrades Uzbek Qishloq Qurilish Bank's Rating to B1

MUDIES International rating agency Moody's Investor Service upgraded long-term local currency deposit rating of Qishloq Qurilish Bank (Bank of Agriculture Building) to B1 from B2. Moody's affirmed the Bank's long-term foreign currency deposit rating of B2, its standalone E+ bank financial strength rating (BFSR), which is equivalent to a baseline credit assessment (BCA) of B2, and the bank's not prime short-term local and foreign currency deposit rating. All the aforementioned long-term rating carry a stable outloook, the Bank's press service reported.

In determining the bank's ratings, the experts considered such factors as strong and well established relationships with...