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S&P affirms VEB
Standard & Poor's said that it affirmed the local-currency BBB+/A-2 and foreign-currency BBB/A-3 ratings on Vnesheconombank.
The outlook is stable.
The ratings on VEB are the same as those on the Russian Federation (foreign-currency BBB/stable/A-3; local-currency BBB+/stable/A-2; Russia national-scale ruAAA), reflecting the view of an almost certain likelihood that the Russian government would provide timely and sufficient extraordinary support to VEB if necessary, S&P said.
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