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Moody's acts on Russian banks

Moody's on April 26 downgraded the adjusted baseline creditassessments of Bank VTB24, JSC Russian Bankfor Small & Medium Enterprises Support, or SME Bank, andEximbank of Russia by several notches, while confirming their long-term ratings.

The rating agency also confirmed the baseline creditassessments of PAO Sberbank ofRussia, Eximbank of Russia, PJSC ALFA-BANK, AO Raiffeisenbank, DeltaCredit Bank JSC, PAO Absolut Bank, PJSC Bank Saint-Petersburg, , ,NBD Bank, PJSCTRANSKAPITALBANK, PJSC Rosgosstrakh Bank, or RGS Bank, , OAO AKBMetallinvestbank and JSC Joint Stock Commercial Bank International FinancialClub.

Moody's confirmed the long-term ratings of Sberbank,PAO VTB Bank,Vnesheconombank,JSC The Agency for HousingMortgage Lending, Alfa-Bank, Raiffeisenbank, DeltaCredit Bank,Absolut Bank, Bank Saint-Petersburg, Vozrozhdenie Bank, Center-Invest Bank, NBDBank, TRANSKAPITALBANK, RGS Bank, Commercial Bank Agropromcredit,Metallinvestbank and International Financial Club.

The rating agency also confirmed the foreign-currencydeposit ratings of JSC RussianAgricultural Bank, AOGazprombank, INGGroep NV's ING BANK(EURASIA) JSC, GroupeBPCE unit JSC NatixisBank, PAO AKBRosbank and LLCRusfinance Bank.

Following Moody's confirmation of Russia's Ba1 sovereign rating, with anegative outlook, the agency's macro profile for Russia remains"Weak+", which reflects its view that the further impact of thedecline in oil prices on the operating environment will be limited.

The downgrade of VTB 24, SME Bank and Eximbank of Russiaaligns their adjusted BCAs with those of their parent banks. Theratings actions conclude the reviews initiated March 9.