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13 Russian FI Outlooks Revised To Negative On Tougher And Volatile Macro Operating Environment Oct 08
Standard & Poors, Oct 2008
Abstract
PARIS (Standard & Poor's) Oct. 10, 2008--Standard & Poor's Ratings Services said today that it revised its outlooks on the long-term ratings on 13 Russian financial institutions to negative from stable. In addition, the long-term ratings on all the banks and financial companies were affirmed, and the Russia national scale ratings on four of the affected entities were lowered. We also affirmed the ratings on 14 other entities, on which the outlooks remain stable (see Ratings List below). 'The outlook revisions reflect our growing concerns about the adverse impact of the ongoing domestic and international market turbulence with regard to the financial and commercial fundamentals of many domestic financial institutions,' said Standard & Poor's credit analyst Ekaterina Trofimova. These relate...
Action: Affirmed
Action: Outlook: Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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