Moody's places 6 Russian banks on review for downgrade as it assesses the willingness of the...

|By:, SA News Editor

Moody's places 6 Russian banks on review for downgrade as it assesses the willingness of the government to provide systemic support in case they need it. At issue is the price of oil - the government needs $100 crude to break even, making suport of the banks in a crisis susceptible to a break in oil prices.