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S&P revises MKB-Leasing outlook

S&P Global Ratings on July 27 revised the outlook on Russia-based Mkb-Leasing OOO to negative from stable and affirmed the long- and short-term issuer credit ratings at B-/B.

The negative outlook reflects a rating action on the leasing company's parent Region Investment, whose outlook was changed to negative on July 27. S&P said if it lowers the rating on Region Investment, a similar action will be taken on Mkb-Leasing because it does not consider the unit insulated from its parent.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings document referred to in this news brief can be found in the sources section.