London, 25 February 2015 -- Moody's Investors Service has today downgraded to Ba1 from Baa3 the ratings of 14 Russian non-financial corporates and their supported subsidiaries, and converted the companies' long-term issuer ratings into corporate family ratings (CFRs), in line with the rating agency's practice for corporates with ratings in the Ba rating category and below. Concurrently, Moody's has assigned a Ba1-PD probability of default rating (PDR) to these corporates.
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