Sunday, 7 July 2013

Moody's Downgrades Big State Banks | Business | The Moscow Times

"Moody's Investors Service on Friday downgraded the long-term senior debt and deposit ratings of several major Russian banks following a reassessment of the government's capacity to provide monetary support to these lenders in case of need.

The outlook on these ratings remains stable, the international ratings agency said in a statement.

The list of the affected banks includes Sberbank — from A3 to Baa1, VTB and VTB24 — from Baa1 to Baa2, and the Russian Agricultural Bank — from Baa1 to Baa3."

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