Moody’s lowers rating of six Russian banks

Moody’s has lowered the ratings of subsidiaries of European banks in Russia. This includes Raiffeisenbank, ING Bank Eurasia, Banca Inteza. Ratings of Societe Generale’s (France) banks dropped: Rosbank, DeltaCredit, Rusfinance, TASS reports.

Specialists say that the ratings fell due to high risks of a long-term economic recession in Russia.