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Fitch revises outlook on Sberbank Rossii OAO and other Russian banks on sovereign change


Monday, 24 Mar 2014 09:01am EDT 

Sberbank Rossii OAO:Fitch Ratings has revised the outlooks on four Russian state-related banks, 10 foreign-owned banks and privately-owned bank, Alfa Bank, to negative from stable and affirmed their Issuer Default Ratings (IDRs) and debt ratings.The rating actions follows the revision of the outlook on Russia's sovereign IDRs to negative from stable.Sberbank Rossii OAO's long-term foreign and local currency IDR has been affirmed at BBB, outlook revised to negative from stable. 

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