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Moody's places ROSENERGOBANK on review for downgrade

Moody's on Dec. 9 placed Commercial bank ROSENERGOBANK (JSC)'s B3 long-term local- and foreign-currency deposit ratings on review for downgrade.

The agency also placed on review for downgrade the bank's B2(cr) long-term counterparty risk assessment and "b3" baseline and adjusted baseline credit assessments.

The review is driven by the bank's "weakened" liquidity position and deterioration of its asset quality reflected in the large proportion of renegotiated loans.

Moody's expects to complete its review of ROSENERGOBANK's ratings over the next three months.

The bank's Not Prime short-term local- and foreign-currency deposit ratings and its Not Prime(cr) short-term counterparty risk assessment were affirmed.