Otkritie downgraded with sub debt set to suffer losses
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Emerging MarketsCEE

Otkritie downgraded with sub debt set to suffer losses

Moscow Russia 230px

Rating agency Moody’s has slapped beleaguered Russian private bank Otkritie with a two notch rating downgrade this week, as subordinated debt holders in the bailed out bank look set to take heavy losses.

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