Moody's Investors Service has downgraded ratings and assessments of 39 Russian financial institutions, following the downgrade of the Government of Russia's ratings to Ca from B3, with a negative outlook, Report informs referring to Moody’s website.
The changes affected, among all, Alfa-Bank, Credit Bank of Moscow, Gazprombank, Russian Agricultural Bank, Sberbank, Tinkoff Bank, Bank Solidarnost, AO RAIFFEISENBANK, Bank Saint-Petersburg PJSC, Bank Uralsib.
On March 6, Moody's downgraded Russia's rating to "Ca" from "B3".