• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Banking Industry Country Risk Assessment On Russia Raised To Group 8 From Group 9 Jun 07 Product Image

Banking Industry Country Risk Assessment On Russia Raised To Group 8 From Group 9 Jun 07

  • Published: June 2007
  • Standard & Poors

FEATURED COMPANIES

  • Alfa-Bank OJSC
  • Bank URALSIB (OJSC)
  • European Trust Bank
  • National Factoring Co.
  • Rusfinance Bank
  • TransCreditBank
  • MORE

Abstract
PARIS (Standard & Poor's) June 4, 2007--Standard & Poor's Ratings Services said today it had raised its Banking Industry Country Risk Assessment (BICRA) on The Russian Federation to Group 8 from Group 9. At the same time, Standard & Poor's revised its estimate of the incidence of gross problematic assets (GPAs) in the Russian financial system under a reasonable (but not catastrophic) scenario of economic recession to 35%-50% from 50%-75%. These actions reflect the continued high economic growth and macroeconomic improvements in Russia, which have reduced the high credit and business risks for domestic banks. The improving credit profile of The Russian Federation (foreign currency BBB+/Stable/A-2; local currency A-/Stable/A-2) has mitigated a major concern of the 1990s, namely that of...

Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

- Aljba Alliance
- Alfa-Bank OJSC
- Commercial Bank Petrocommerce OJSC
- International Industrial Bank
- Renaissance Capital Holdings Ltd.
- Bank URALSIB (OJSC)
- MDM Bank (pre-merger)
- ZAO UniCredit Bank
- Surgutneftegasbank
- TransCreditBank
- Russian Standard Bank JSC
- International Bank of Saint-Petersburg
- Bank of Khanty-Mansiysk (JSC)
- Gazprombank
- Bank Soyuz
- European Trust Bank
- Rusfinance Bank
- Ural Bank for Reconstruction and Development
- Rosbank OJSC JSCB
- B&N Bank
- Investment Bank CIT Finance
- Promsvyazbank OJSC
- CentroCredit Bank JSC
- Interfin Trade Financial Company (CJSC)
- Home Credit and Finance Bank LLC
- Troika Dialog Group Ltd.
- Bank VTB 24
- Rail Leasing
- Investment Company Veles Capital LLC
- SOTSGORBANK
- Brokerage House OTKRITIE
- Commercial Bank Renaissance Capital
- Krayinvestbank
- VTB Bank JSC
- National Factoring Co.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS