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Prospect News home > News index > List of issuers R > Headlines for Russian Commercial Bank (Cyprus) Ltd. > News item
Published on 11/19/2012 in the Prospect News Emerging Markets Daily.

Moody's cuts Russian Commercial Bank (Cyprus)

Moody's Investors Service said it downgraded the deposit ratings of Russian Commercial Bank (Cyprus) Ltd. to B1 from Ba3 and placed the deposit ratings on review for downgrade.

Moody's said the downgrade is prompted by its lowering of the country risk ceiling for Cyprus to B1, while the review reflects Moody's Nov. 16 review for downgrade of Cyprus' government bond rating.


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