Fitch has confirmed the RDE of five Russian banks and lowered their ratings of individual

International rating agency Fitch Ratings affirmed the long-term Issuer Default ratings ( "RDE") of five Russian banks in foreign ownership, at the level of "BBB +" from "negative" outlook and downgraded the ratings of individual banks. This is stated in the communication agency Individual ratings Rosbank, Raiffeisenbank and YuniKreditBanka demoted from the "C / D" to "D", and individual ratings of Absolut Bank Orgresbanka - with "D" to "D / E". Decreasing individual rating reflects the current and likely future deterioration in asset quality at banks considered in the current difficult operating environment in Russia. Lower ratings also take into account the relatively low levels of capitalization, in which parent banks operate their subsidiaries, and, therefore, limited the ability of the subsidiaries of banks to absorb losses on loans without the recapitalization of their respective owners. Individual rating reflects the risks of the bank as a single structure, and does not take into account the potential of external support. Confirmation of long-term RDE the five banks at the level of "BBB +" reflects the opinion Fitch, that the probability of obtaining bank support in case of need remains high due to still strong capacity and willingness to provide support to their respective owners.