Russian rating agency RusRating has lowered its national scale and international credit ratings on BFG-Credit from A- to AA and from BB+ to C, while the rating outlook was revised from stable to possible downgrade. The relevant press release was posted on the agency's website on Tuesday.

The rating action came after the Bank of Russia has introduced temporary administration at the bank since April 12.

The possible downgrade outlook is driven, as the agency thinks, by the high likelihood that the bank's license may be revoked.