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S&P rates VTB-Leasing Finance BBB+
Standard & Poor's said it assigned a BBB+ long-term counterparty rating to VTB-Leasing Finance.
The outlook is stable.
VTB-Leasing Finance is a special-purpose financing vehicle of VTB-Leasing (BBB+/stable/A-2), itself 100% owned by Bank VTB (BBB+/stable/A-2). VTB-Leasing Finance was established solely to issue debentures that will be fully guaranteed by VTB-Leasing.
The agency said the BBB+ rating mirrors that on VTB-Leasing and fully reflects the parent's commitment to meet its financial obligations in a full and timely manner.
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