Moody's agency lowered the ratings of Sberbank, VTB and other largest banks
Moody's rating agency reduced the ratings of the largest Russian banks - Sberbank, VTB, Rosselkhozbank, Gazprombank, VEB, Alfa Bank, as well as mortgage housing agencies, according to Moody's website. The relevant ratings of VTB deposits and obligations are reduced from BAA2 to BAA3, Alfa -Bank, Gazprombank and RSHB - from BAA3 to BA1, VEB and AIZHK - BAA1 to BAA2. Short -term VTB, GPB and RSHB are also reduced.