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Fitch downgrads ratings of Zenit Bank, MTS Bank, Almazergienbank

All ratings have been placed on Rating Watch Negative

MOSCOW, March 7. /TASS/. International rating agency Fitch downgraded the ratings of Zenit Bank, MTS Bank, and Almazergienbank, Fitch reported on Sunday.

Accoridng to the release, the agency has downgraded the Long-term Issuer Default Ratings of Zenit Bank, MTS Bank, and Almazergienbank to 'B' and Viability Ratings (VR) to 'b'. All ratings have been placed on Rating Watch Negative (RWN).

The move follows Fitch's downgrade of Russia's sovereign rating to 'B', the agency said.

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Iran sets forth five conditions to resuming negotiations with US — agency

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Russia to fully supply India with energy resources despite unfair competition — Lavrov

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US uses UAV lessons of Ukraine real time — Pentagon

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Hormuz crisis may impact Europe more than anyone else — Russia’s Lavrov

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