Fitch affirms some Russian banks

Fitch Ratings said it affirmed the long-term issuer default ratings of Sberbank, Bank VTB, VTB24, VTB North West and Russian Agricultural Bank at BBB, along with the long-term issuer default ratings of three European subsidiaries of VTB, Bank of Moscow and Rosagroleasing at BBB-.

The outlook is negative.

Bank of Moscow's long-term foreign-currency issuer default rating is affirmed at BBB- with negative outlook, senior unsecured debt at BBB-, subordinated debt at BB+, short-term foreign-currency issuer default rating at F3 and national long-term rating at AA+(rus) with stable outlook.

Bank VTB's long-term foreign-currency issuer default rating at BBB with negative outlook, long-term local-currency issuer default rating at BBB, senior unsecured debt at BBB, short-term rating at F3, subordinated debt at BBB-, short-term foreign-currency issuer default rating at F3 and national long-term rating at AAA(rus) with stable outlook.

CJSC Bank VTB24s long-term foreign-currency issuer default rating is affirmed at BBB with negative outlook, senior unsecured debt at BBB, short-term rating at F3, short-term foreign-currency issuer default rating at F3 and national long-term rating at AAA(rus) with stable outlook.

JSC Bank VTB North-West's long-term foreign-currency issuer default rating is affirmed at BBB with negative outlook, subordinated debt at BBB- and short-term foreign-currency issuer default rating at F3.

JSC Rosagroleasing's long-term foreign-currency issuer default rating is affirmed at BBB- with negative outlook, short-term foreign-currency issuer default rating at F3 and national long-term rating at AA+(rus) with stable outlook.

Russian Agricultural Bank's long-term foreign-currency issuer default rating is affirmed at BBB with negative outlook, senior unsecured debt at BBB, short-term rating at F3, subordinated debt at BBB-, short-term foreign-currency issuer default rating at F3 and national long-term rating at AAA(rus) with stable outlook.

Sberbank - Savings Bank of the Russian Federation's long-term foreign-currency issuer default rating is affirmed at BBB with negative outlook, senior unsecured debt at BBB, short-term rating at F3, subordinated debt at BBB- and short-term foreign-currency issuer default rating at F3.

VTB Bank (Austria) AG's long-term foreign-currency issuer default rating is affirmed at BBB- with negative outlook and short-term foreign-currency issuer default rating at F3.

VTB Bank (France) SA's long-term foreign-currency issuer default rating is affirmed at BBB- with negative outlook and short-term foreign-currency issuer default rating at F3.

VTB Capital plc's long-term foreign-currency issuer default rating is affirmed at BBB- with negative outlook, short-term foreign-currency issuer default rating at F3 and senior unsecured debt at BBB-.

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