Russian major bank ratings improve

RUSSIA - Fitch, the international rating agency, has changed the Outlook to Positive from Stable assigned to the Long-term ratings of 'B' of the Savings Bank of the Russian Federation (Sberbank) and Vneshekonombank (VEB). The banks' Short-term, Individual and Support ratings are unaffected by this rating action.

The rating action follows Fitch's earlier announcement of the change in Outlook to Positive from Stable assigned to Russia's Long-term foreign currency rating of 'B'. Both Sberbank and

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