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17.07.2013 14:05:00
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Moody's determines no negative rating impact on Russian RMBS transactions following the downgrade of Bank VTB, JSC, VTB24, and Sberbank
London, 17 July 2013 -- Moody's determined that the one-notch downgrade of the long-term debt ratings of Bank VTB, JSC, VTB24, and Sberbank on July 5, 2013 would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings on the notes of the Russian RMBS transactions, where these entities serve as counterparties. Moody's does not express an opinion as to whether this downgrade may be considered to have negative effects in any other respect.
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