Moody's reviews Fundservicebank

Moody's Interfax said it placed the Baa2.ru long-term national scale rating of Fundservicebank on review.

Moody's said the action follows recent public comments made by officers of the Russian Interior Ministry's Main Economic Security Department alleging that Fundservicebank breached certain banking regulations.

These comments have driven a concern about the possibility of an adverse regulatory response toward Fundservicebank and/or the risk of weakening of relationships between the bank and its key customers and creditors, which would have negative implications for the bank's ratings, the agency said.

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