S&P rates InterFin Trade

Standard & Poor's said it assigned its CCC-/C counterparty credit ratings to InterFin Trade Financial Co. The outlook is stable. S&P also assigned its ruCCC+ national scale rating to the bank.

S&P said the ratings on Interfin Trade Financial reflect the start-up nature of the company, which operates in the volatile and shallow Russian brokerage market, its very narrow customer base; low level of capital and weak financial flexibility.

"Overall, the company's creditworthiness is exposed to very high risks," said S&P credit analyst Irina Penkina. "IFT does, however, benefit from a growing position in the nascent brokerage and asset-management markets in Russia, and from stable senior management."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.