Downgraded the ratings of bank "Russian Standard"

Moody's, the international rating agency, downgraded the ratings on deposits of bank "Russian Standard is included in the thirty largest in Russia, foreign and local currency ratings to" Ba3 "from" Ba2 ". This is stated reported the agency. There have also been downgraded senior unsecured debt rating in foreign currency - to "Ba3" from "Ba2", and the rating of subordinated debt in foreign currency - to "B1" from "Ba3". The outlook on all long-term ratings of "negative". bank financial strength rating downgraded to "D-" from "D". Short-term deposit ratings of foreign and local currency ratings are affirmed at Not Prime. The bank "Russian Standard", which specializes in consumer lending, owned by businessman Rustam Tariko. For 2008 Bank lowered profit under IFRS by 22,2% - to 7.418 billion rubles. Bank.ru portal based on RIAN.