Moody's might demote Societe Generale’s Russian assets’ ratings

The rating agency’s press release states that Rosbank’s long- and short-term ratings for deposits in foreign and national currency (Baa2/Prime-2) and the bank’s priority unsecured debt in national currency rating (Baa2) are placed on the Rating Watch.

Moody’s will also reconsider Rusfinance’s long- and short-term ratings for deposits in foreign and national currency (Baa3/Prime-3) and the bank’s priority unsecured debt in national currency rating (Baa3) as well as DeltaCredit’s long- and short-term ratings for deposits in foreign and national currency (Baa2/Prime-2).