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Moody's upgrades TBC Bank Credit Rating
Moody's upgrades TBC Bank Credit Rating.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \nRNS Number : 6570Q TBC Bank Group PLC 13 September 2017 \n\nMoody's upgrades TBC Bank Credit Rating\n \nMoody's Investors Service (Moody's) has announced today that it has upgraded the credit rating of JSC TBC Bank (\"TBC Bank\"), subsidiary of TBC Bank Group PLC. The Bank's local-currency deposit rating has been increased to Ba2 from Ba3 and its foreign-currency deposit rating to Ba3 from B1. The ratings continue to carry a stable outlook. \n \nThis change was driven by Moody's upgrade of Georgia's government bond ratings to Ba2 stable from Ba3 stable on 11 September 2017.\n \n \nFor further enquiries, please contact:\nHead of Investor Relations\nAnna Romelashvili \[email protected]\n \nAbout Moody's \nMoody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities.\nAbout TBC Bank Group PLC (\"TBC PLC\")\nTBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank (\"TBC Bank\") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.\nTBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.0% of loans and 39.8% of non-banking deposits as at 30 June 2017, according to the data published by the National Bank of Georgia. \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCMMGMLZFZGNZM\n ","length":2766,"tagName":"div"}]