Fitch revises Uralsib view to stable

Fitch Ratings said it revised PJSC Bank Uralsib's outlook to stable from negative while affirming the bank's long-term issuer rating at BB-.

“The outlook revision reflects Fitch's view that Uralsib's capital cushion is sufficient to absorb pressure from the pandemic, lower oil prices and the difficult economic environment without significant erosion. This is due to the bank's fairly low exposure to unreserved high-risk assets, a conservative asset structure and moderate core pre-impairment profitability. Loan-quality deterioration has been limited to date,” the agency said in a press release.

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