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Moody's: Bank St. Petersburg outlook stable
Moody's Investors Service said it changed the outlook on Bank St. Petersburg's senior unsecured debt rating of Ba3 and the bank's subordinated debt rating of B1 to stable from negative.
"The rating action reflects recently stabilized asset quality and gradual relieving of the loan loss provisioning burden that has been materially eroding BSPB's profits since late 2008," Semyon Isakov, a Moody's assistant vice president, said in a statement.
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