Moody's may up 10 Russian banks

Moody's Investors Service said it placed the Baa2 long-term foreign-currency deposit ratings of 10 Russian banks on review for upgrade.

The action was triggered by the review for upgrade of the Baa2 local- and foreign-currency bond ratings of the Russian government and the Baa2 country ceiling for foreign-currency deposits.

Banks on review for upgrade are Bank VTB, Bank VTB North-West, Bank VTB24, DeltaCreditBank, Russian Agricultural Bank, Sberbank, Vnesheconombank, Gazprombank, Bank of Moscow and ZAO Raiffeisenbank.

Moody's said it placed on review for upgrade only the banks with foreign-currency deposit ratings that are constrained by the Baa2 country ceiling for foreign-currency deposits.

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