S&P rates Vneshtorgbank

Standard & Poor's said it assigned its AA+(ru) Russia national-scale rating to Vneshtorgbank JSC.

At the same time, the BBB long-term and A-2 short-term counterparty credit ratings were affirmed, the agency noted.

The outlook is stable.

S&P said that the ratings on VTB reflect its 99.9% ownership and strong support from The Russian Federation (foreign currency BBB/stable/A-2, local currency BBB+/stable/A-2, Russia national-scale AAA(ru)), as well as the bank's strengthening financial profile, expanding market position and good growth prospects in a favorable macroeconomic environment.

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