Standard & Poor’s downgrades 20 Russian banks

Standard & Poor'sStandard & Poor’s downgrades 20 Russian banks: Rating agency Standard & Poor’s has downgraded Alba Alliance, Vneshprombank, Zapsibkombank, Kraiinvestbank, Nota Bank, Tatfondbank, Uralsib and Development Capital from “stable” to “negative”; Russian Standard Bank from B+to B; Mezhtopenergobank and the Ural Bank for Reconstruction and Development from B to B-; Communications Bank from BB to BB-; and InvestradeBank from B+/ruA to B/ruBBB.

Source: Rosbalt