The rapid deterioration in asset quality of Russian banks - Standard & Poor's

The rapid deterioration in asset quality of Russian banks. This Gauvreau in a statement the rating agency" Standard & Poor's "." In the analysis of the Russian banking sector, we noted the continued sharp deterioration in asset quality and, given we have made estimates of loan losses, we are concerned about banks' ability to absorb these losses, "- said in a statement. After analysis of Russian banks (rating for obligations in foreign currency VVV/Negativnyy/A-3) were produced negative rating actions on 11 banks. There were downgraded ratings of Raiffeisenbank, ZAO UniCredit Bank, Bank URALSIB ", OAO" PSB. "We also placed the ratings of these banks on CreditWatch with negative implications: JSC "Commercial Bank Petrocommerce, Alfa-Bank, Gazprombank, the Ural Bank for Reconstruction and Development", OAO Rosbank and the Bank "Revival" - emphasizes the agency.