Moody's takes rating actions on ten Russian banks

Moody's Investors Service has today taken rating actions on 10 Russian banks reflecting the deterioration in the operating environment in Russia (Ba1 negative), which negatively impacts the banks' financial fundamentals. The banks are -- Absolut Bank, Home Credit & Finance Bank, Khanty-Mansiysk Bank Otkritie PJSC, NBD Bank, OTP Bank (Russia) OJSC, Transcapitalbank JSC Bank, Commercial Bank Agropromcredit (LLC), Russian Standard Bank, Systems, and AK BARS Bank. All ten Russian banks carry negative outlook on their long-term ratings.