MOODY'S UPGRADES OUTLOOKS FOR RUSSIA'S 3 LARGEST BANKS

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MOSCOW, October 11 (RIA Novosti) - Moody's Investors Service has changed to positive from stable the outlooks for the Ba1 long-term foreign currency deposit ratings of Sberbank, Vnesheconombank and Vneshtorgbank, a press release from the agency published on its Web site said.

The agency said the raise followed a raise of outlook for Russia's rating, and that the agency believed that if needed, the state will provide certain support for these banks.

Moody's also upgraded from Baa3 to Baa2 the rating of loan participation notes issued by the UBS (Luxembourg) S.A. in order to finance Russia's Sberbank with a "positive" forecast.

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