OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on AO Mizuho Bank (Moscow) due to expiry of the rating contract. The bank was assigned a national scale ‘A+’ credit rating (with a Positive outlook) on Oct. 20, 2009. The latest rating action on the bank (the national scale credit rating upgrade to ‘AA+’) dates Nov. 17, 2014.

Mizuho Bank (Moscow) is a subsidiary of Mizuho Bank Ltd., the division of Mizuho Financial Group, which specializes in corporative and investment banking and operates a obtains a network of more than 500 branches and offices worldwide. Mizuho Bank (Moscow)’s license No 3337 allows it to carry out banking operations in rubles and foreign currencies and take ruble and FX-denominated retail deposits. Mizuho Bank (Moscow) has been a member bank of the mandatory deposit insurance system (Reg. No. 431) since January 2005.

Mizuho Bank (Moscow) is tilted towards providing financial services to Japanese companies and their subsidiaries with interests in Russia, as well as services to large Russian companies and banks. The scale and scope of its operations, as well as its product range are determined by Mizuho Bank and depend on the requirements of Mizuho Bank’s Japan-based corporate customers that own the Russia-based subsidiaries serviced by Mizuho Bank (Moscow). The role of Private Banking operations in the Moscow subsidiary bank’s total business is insignificant.

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