Sberbank,Rosselkhozbank, Gazprombank, Vnesheconombank and another 26 Russian financial institutions, as well as their subsidiaries, lost today in the long-term issuer default rating in foreign currency by decision of the international rating agency Fitch, after cutting Russia's sovereign rating to BBB-, one notch above junk status.
The IDR for Sberbank and Vnesheconombank was downgraded to BBB- from BBB with a negative outlook, for Gazprombank and Rosselkhozbank to "junk" BB + from BBB- with a negative outlook also, RIA Novosti reported.
The same rating BBB- with a negative outlook was received by "Sberbank Leasing", "Vnesheconombank Leasing", "National Clearing Centre", "Raiffeisenbank", "Citybank", Rosbank, Rusfinansbank, "DeltaCredit", "Bank of China (ELUOSI ), "Nordea ", "Danske Bank", "ING Bank Eurasia", "SEB Bank", HSBC Russia, "Credit Agricole", "UniCredit", Sberbankank (Switzerland), "China Construction Bank".
Ratings of Gazprombank (Switzerland), Sberbank Europe AG, Sberbank Slovensko a.s. and Denizbank (Moscow) became the "junk" BB +. The rating outlook of Denizbank (Moscow) at the same time was improved to stable, reflecting Fitch's view of its stand-alone profile.
The rating of "Rusagroleazing" was downgraded to BBB with a negative outlook, and senior unsecured debt rating "Volkswagen Bank Rus" to A-. IDR of VTB Bank (Austria) at BBB- with a negative outlook, withdrawn without confirmation.
