Moody's: 12 Russian banks down to stable

Moody's Investors Service said it has changed the outlook on the long-term global local and foreign currency deposit ratings of 12 Russian banks to stable from positive.

Moody's also said it changed the outlook on the bank financial strength ratings of seven Russian banks and the ratings of the debt instruments issued by six Russian banks to stable from positive.

All ratings of these banks were affirmed.

The previous positive outlooks on these ratings of the affected banks had reflected Moody's view that these banks were strongly positioned in their respective rating categories, indicating a high probability of migration to the next higher rating category, subject to further strengthening of their key rating drivers.

Specifically, the agency said that outlook on the long-term global local and foreign currency deposit ratings of the following banks was changed to stable from positive: Bank Uralsib, Center-Invest Bank, Credit Bank of Moscow, Investment Trade Bank, Kedr Bank, National Bank Trust, Nomos Bank, SKB- Bank, Transcapital Bank, Trust Investment Bank, Sudostroitelny Bank and Vostochny Express Bank.

The outlook on the bank financial strength ratings of the following banks was changed to stable from positive: Bank Uralsib, Center-Invest Bank, Credit Bank of Moscow, National Bank Trust, Nomos Bank, Transcapital Bank and Trust Investment Bank.

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