KIEV, June 7 - Moody's has lowered the long-term local-currency deposit rating and the long-term foreign-currency senior unsecured debt rating of Raiffeisen Bank Aval from Ba1 to Ba3 with a negative outlook.
The standalone credit assessment for the bank was lowered to Aa2.ua from Aa1.ua.
"The rating actions on Raiffeisen Bank Aval reflect the parent RBI's reduced capacity to provide support to the Ukrainian entity, combined with its significant exposure to Ukrainian sovereign risk," reads an agency report.
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