MoodyТs upgrades rating outlooks on 9 Russian entities to Positive
MOSCOW, Jan 29 (PRIME) -- MoodyТs on Monday affirmed the ratings of Sberbank, VTB, Gazprombank, Vnesheconombank, AIZhK, Roseximbank, State Transport Leasing Company, DeltaCredit and Rosselkhozbank and changed their outlooks to Positive from Stable, it said on Monday.
УThe change in the outlook on RussiaТs Ba1 government bond rating to Positive from Stable led to corresponding changes in the outlooks on the local currency deposit, debt, issuer and corporate family ratings of eight Russian financial institutionsЕ namely, Sberbank, VTB Bank, Vnesheconombank, Eximbank of Russia, Agency for Housing Mortgage Lending, Russian Agricultural Bank, Gazprombank and State Transport Leasing Company,Ф the agency said.
УMoodyТs believes that the capacity and willingness of the Russian government to assist these financial institutions remains substantially unchanged.Ф
Concurrently, the agency upgraded DeltaCredit bankТs backed senior secured local currency bond rating to Baa2 with a Stable outlook.