Moody's: Outlook stable for Russian bank debt

Moody's Investors Service said it changed to stable from positive the outlook on the A2 senior unsecured foreign-currency debt ratings of Bank VTB, JSC, Bank VTB 24 and Sberbank and on the A3 senior unsecured debt ratings of Gazprombank, Bank of Moscow and Russian Agricultural Bank.

The agency said these actions have been triggered by the change in outlook on key Russian sovereign ratings to stable from positive.

The sovereign rating actions primarily reflect the heightened pressure that has been exerted upon Russia's external liquidity position as the global credit crisis has deepened and, more importantly, the equivocal policy response that such pressures have triggered, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.