Moody's downgraded Russia’s ratings

AO UniCredit Bank
Wed, 15/04/2015

Moody's reduced Russia's government bond rating from Baa3/Prime-3 (P-3) to Ba1/Non Prime with negative outlook. Russia's country ceilings for foreign currency debt went down from Baa3/Prime 3 to Ba1/Non Prime.                  

This brought Russia in line with the sovereign rating and lowered the long-term country ceilings for local currency debt and deposits from Baa2 to Baa3 and the country ceiling for foreign currency bank deposits from Ba1/Non Prime to Ba2/ Non Prime.

Yuliya Shibukova
Relationship Manager, Global Securities Services Russia