MOSCOW, Aug 13 (Reuters) - Moody's rating agency on Thursday
downgraded its long-term foreign currency deposit ratings for 11
Russian banks, cut the debt ratings of three banks and lowered
its financial strength ratings for eight banks to E+ from D+.
The agency said in a statement the cut in ratings was due to
concerns that Russia's financial crisis had hit bank liquidity
by shaking confidence in the bank system, making foreign
investors more cautious and reducing the liquidity of government
securities portfolios.
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