Moody's: Russia OTP Bank on review for downgrade

Moody's Investors Service said it placed the Ba1 long-term local and foreign currency deposit ratings of Russia's OJSC OTP Bank on review for downgrade.

The agency said the review for downgrade on OTP Bank's long-term ratings follows Moody's recent announcement that it placed on review for downgrade the bank financial strength rating of D+, mapping to Baa3 on the long-term scale, of Hungary's OTP Bank, Russia's OTP Bank 's support provider.

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