Moody`s may downgrade Russian bank ratings
(RIA Novosti, October 11) – Moody’s international rating agency could downgrade the ratings of Russian banks if their capital adequacy ratio falls to 10 percent from 16.7 percent in the middle of 2011 against a background of global uncertainty and fears of a new crisis, the agency said on Tuesday.
If the 2008 economic crisis scenario is repeated, it will cut banking profits and capital adequacy ratios will decrease as a result, the agency said in a statement.
Banks which are most susceptible to asset quality deterioration and problems with liquidity run the risk of rating downgrade, it added.
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