Baku – APA-Economics. Moody's Investors Service has downgraded the ratings of subsidiaries of Russian banks VTB, Sberbank and Vnesheconombank (VEB), the agency said in a press release.
Specifically, the actions affected the supported senior unsecured and deposit ratings of the following international and domestic subsidiaries of VTB Group - VTB Bank (Austria) AG (from Ba1 to Ba3), VTB Capital plc (from Ba1 to Ba3), VTB24 (from Baa3 to Ba1), VTB Bank (Armenia) (from Ba2 to Ba3), VTB Bank (Azerbaijan) (from Ba2 to Ba3) and Bank of Moscow (from Ba1 to Ba2).
The outlooks on these ratings are negative.
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