Bloomberg News

Moody’s Changes Outlook for Russia’s Banking System to Negative

November 02, 2011

Oct. 24 (Bloomberg) -- Moody’s Investors Service changed its outlook for Russia’s banking system to negative from stable.

The change “reflects concerns that the weak global economic landscape and financial market volatility will weaken Russia’s operating environment,” Moody’s said in a statement today.

Link to Statement:{NSN LTKB7H3PWT1F <GO>}

To contact the reporter on this story: Maria Ermakova in London at mermakova@bloomberg.net

To contact the editor responsible for this story: Peter Branton at pbranton@bloomberg.net


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