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Moody`s Investors Service has today placed all of RCB Bank`s long-term ratings on review for downgrade, including its long-term deposit ratings of B1, citing “higher credit risk associated with RCB Bank`s Russian corporate exposures” on the backdrop of the sanctions imposed on Russia following its invasion of Ukraine. Furthermore, as part of the same rating action, Moody`s has downgraded the bank`s Baseline Credit Assessment (BCA) and Adjusted BCA to b3 from b2, the long-term Counterparty Risk (CR) Assessment to Ba3(cr) from …
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