• SELECT SITE CURRENCY
Select a currency for use throughout the site
Research Update: Russian B&N Bank Outlook Now Positive On Better Operating Environment And Improving Financial Profile Jun 11
Standard & Poors, June 2011
Russia-based B&N Bank's asset quality is improving and customer deposits continue to increase. The bank's owner increased capital by $50 million in the second quarter of 2011 and plans another $50 million increase in 2012. We are revising our outlook on B&N Bank to positive from stable, raising the national scale rating to 'ruBBB+' from 'ruBBB-', and affirming the 'B-/C' long- and short-term ratings on B&N. The positive outlook reflects the improving operating environment in Russia and our expectations that bank's financial profile will moderately improve over the next two years. On June 15, 2011, Standard & Poor's Ratings Services revised its outlook on Russia-based B&N Bank (B&N) to positive from stable. The Russia national scale rating was raised to...
Companies mentioned in this report are: B&N Bank
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.