Fitch Changes Outlook on VTB Bank OAO Rating to Negative-Interfax

Wednesday, 16 Jan 2013 07:45am EST 

Interfax reported that international ratings agency Fitch Ratings (Fitch) has changed the outlook on its long-term issuer default rating for VTB Bank OAO and five of its subsidiaries from stable to negative and affirmed the BBB long-term issuer default ratings, the agency said in a press release. Fitch said that its Negative Outlook on VTB Bank OAO reflects the planned privatization of the Bank, which, coupled with its more limited policy role (compared to Vneshekonombank GK) and somewhat lower systemic importance (relative to Sberbank Rossii OAO), are in Fitch's view likely to result in a marginally lower probability of government support over the medium term. 

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