Moody's lifts Subsidiary Bank view to stable

Moody's Investors Service said it changed to stable from negative the outlook on Subsidiary Bank Sberbank of Russia's Ba2 local-currency deposit and senior unsecured debt ratings.

The bank's B2 rating on the long-term rating scale and its B3 foreign-currency deposit rating, which is constrained by the country ceiling for Ukraine, are unaffected and continue to have a stable outlook.

The bank's Aa1.ua national scale rating also is unaffected.

The outlook change demonstrates the stabilization of its credit profile, reflected by improved profitability, adequate capitalization and strengthening position in Ukraine's lending and deposit-taking markets, Moody's said.

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