S&P rates International Investment BBB

S&P said it assigned BBB long-term and A-2 short-term foreign-currency issuer credit ratings to International Investment Bank.

The outlook is stable.

The ratings are based on the bank’s weak business profile and strong financial profile, S&P said.

Together, these assessments lead to a stand-alone assessment on the bank of BBB.

The ratings do not incorporate any explicit uplift for extraordinary shareholder support in the form of callable capital, the agency said.

The bank enjoys supranational status and is exempt from custom duties, direct taxes and restrictions on export and import operations, S&P said, and is immune from the sanctions imposed on Russia.

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