International rating agency Standard & Poor’s has lowered ratings of six Russian subsidiaries of foreign banks, namely those of Raiffeisenbank, BNP Paribas, Bank of Tokyo-Mitsubishi, Sumitomo Mitsui, UniCredit Bank and Industrial and Commercial Bank of China, the international agency reported on its website.
The ratings of all lending institutions were lowered from BBB to BBB-. The rating outlook is negative.
Furthermore, the agency revised its outlook for Rusfinance Bank’s rating from stable to negative, affirming the rating at BBB-.
