Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sberbank, VTB Decline After Moody’s Cuts Ratings: Moscow Mover

OAO Sberbank and VTB Group dropped after Moody’s Investors Service reduced the debt ratings of Russia’s biggest lenders.

VTB slid for the first day in three, losing 1 percent to 4.707 kopeks by 4:34 p.m. in Moscow. Sberbank sank 1 percent to 92.33 rubles.

Moody’s cut Sberbank’s rating to Baa1 from A3 and VTB’s to Baa2 from Baa1. Russia’s vulnerability to a drop in oil prices has “eroded” the government’s ability to support banks in the event of a “systemic crisis,” according to the e-mailed note. The Russian government’s financial position has “weakened” compared with 2008, Moody’s said.

Sberbank’s ruble bonds due in January 2016 fell, lifting the yield one basis point, or 0.01 percentage point, to 7.12 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.