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Moody's: Promsvyazbank to negative
Moody's Investors Service said it changed the outlook on Promsvyazbank's D standalone bank financial strength rating and Ba2 long-term global local and foreign currency deposit ratings to negative from stable.
The standalone D bank financial strength rating maps to Ba2 on the long-term scale.
The outlook on Promsvyazbank's Ba2 local and foreign currency senior unsecured debt rating and the bank's Ba3 foreign currency subordinate debt rating was also changed to negative from stable.
Moody's said the outlook changes reflect its view of the continued insufficiency of the bank's capital level that has remained one of the lowest compared to similarly rated Russia-based peers.
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