VTB Bank OAO (VTBRq.L)
7 Mar 2014
MOSCOW - Russia's prime minister said on Monday he hoped to raise more than $5.5 billion this year by selling stakes in state companies, reviving a delayed privatization program that could spur a flagging economy.
MOSCOW - Russian hypermarkets chain Lenta, part-owned by U.S. private equity firm TPG , has set a price range for its planned London share market offer, valuing the company at up to $5 billion.
(The following statement was released by the rating agency) MOSCOW, January 10 (Fitch) Fitch Ratings has downgraded the Long-term Issuer Default Ratings (IDRs) of JSC VTB Bank (VTB) and six of its subsidiaries to 'BBB-' from 'BBB'. The Outlooks on these ratings are Stable. At the same time, the agency has affirmed the 'BBB' Long-term IDRs of Sberbank of Russia (Sberbank) and Vnesheconombank (VEB) with Stable Outlooks. A full list of rating actions is provided at the end of this comment. KEY