Summary: Ural Bank for Reconstruction and Development Jun 06
- ID: 1807002
- June 2006
- Standard & Poors
The ratings on Russia-based Ural Bank for Reconstruction and Development (UBRD) reflect the bank's high related-party exposure, its low operating efficiency and profitability, and low capitalization. These negative factors are, however, somewhat mitigated by UBRD's strengthening franchise and growth prospects in its home region of Sverdlovsk Oblast (BB-/Stable/--), supported by the fast-growing Russian economy, and the bank's stable management team. With total assets of Russian ruble (RUR) 19.1 billion ($700 million) at May 1, 2006, UBRD is a midsize regional Russian bank located in the Sverdlovsk Oblast in the Ural Mountains. UBRD's credit risk is high and closely linked to the recently formed mining and metal holding company--Russian Copper Company (RCC; not rated), its major shareholder and largest borrower. UBRD's...
Companies mentioned in this report are: Ural Bank for Reconstruction and Development
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, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >