S&P lifts several Russia banks view to stable

S&P said it revised the outlooks on several Russia-related financial institutions to stable from negative following its similar action on the sovereign rating.

The counterparty credit ratings on the financial institutions also were affirmed.

The banks with revised stable outlooks were VTB Bank JSC, VTB-Leasing, VTB-Leasing Finance, VTB Capital plc, VTB Insurance Ltd., VTB Bank (Kazakhstan), VTB Bank (Deutschland) AG, BNP Paribas Bank JSC, AO UniCredit Bank, Bank ICBC JSC, Credit Suisse Securities (Moscow) Ltd. and AO Unicredit Bank.

The outlook revisions reflect the somewhat stabilizing economic environment in Russia and the government's capacity to provide timely and sufficient extraordinary support to these government-related issues, S&P said.

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