S&P rates Vneshtorgbank

Standard & Poor's said it assigned its BBB/A-2 counterparty credit ratings to Vneshtorgbank Retail Financial Services.

At the same time, S&P said it assigned its AA+(ru) Russia national-scale rating to the bank.

The outlook is stable.

The agency noted that the ratings on Vneshtorgbank reflect its core group status within Vneshtorgbank JSC (BBB/stable/A-2), which currently owns 96% of the bank and its good growth potential on the domestic retail market.

The ratings are also supported by the bank's improving business and financial profile, S&P said.

© 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.