Fitch revises Denizbank to positive

Fitch Ratings said it revised the outlooks on Denizbank AS, Deniz Finansal Kiralama AS (Deniz Leasing) and JSC Denizbank Moscow to positive from stable.

The long-term issuer default ratings were affirmed.

All other ratings of these entities are unaffected.

The actions follow the revision of the outlook on Sberbank of Russia's (BBB-/positive) issuer default ratings to positive from stable.

Fitch said the outlook changes of Denizbank (BB+) reflects the possible strengthening of Sberbank's ability to support it, if needed.

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