Reducing the ratings of Russian banks - a reflection of reality
Moody's International rating agency reduced the credit ratings of seven leading Russian banks and financial organizations. As stated in the Moody's message, rating actions affect Vnesheconombank, Sberbank and OJSC “Mortgage Housing Lending Agency” (AIZHK), VTB, Gazprombank, Rosselkhozbank and Alfa-Bank, as well as a number of their subsidiaries.