S&P rates VTB Bank Austria, France BB+

Standard & Poor's said it assigned its BB+ long-term and B short-term counterparty credit ratings to VTB Bank (Austria) AG and its subsidiary VTB Bank (France).

The outlook is negative.

The agency considers VTB Austria to be a "highly strategic" subsidiary of VTB Bank JSC.

In accordance with the criteria, S&P rates "highly strategic" subsidiaries one notch lower than the group credit profile of the parent.

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