Moody’s changes outlook to stable from negative on the long-term debt and deposit ratings of Bank Saint-Petersburg
On December 21, Moody’s Investors Service has changed the outlook to stable from negative on the long-term debt and deposit ratings of Bank Saint-Petersburg PJSC. The long-term and short-term debt and deposit ratings have been affirmed. The revision of Bank Saint Petersburg's outlook to stable is prompted by robust profitability throughout 2015 and signs of stabilization in the bank’s credit costs. The rating action reflect Moody’s view that Bank Saint-Petersburg is relatively resilient to current pressures stemming from the challenging operating environment in Russia.