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TransCreditBank Jul 11 Product Image

TransCreditBank Jul 11

  • Published: July 2011
  • Standard & Poors

FEATURED COMPANIES

  • Freight One (JSC)
  • Russian Railways JSC
  • RZD Capital PLC
  • Transcredit Finance PLC
  • TransCreditBank
  • VTB Bank JSC
  • MORE

Abstract
Strong business links to and support from Russian Railways and increasing operational support from new majority owner. Less confidence-sensitive funding than that of peers. Good core revenue generation. Good asset quality. High single-name concentrations. Relatively weak capitalization. High credit risks. The ratings on TransCreditBank reflect our view of the bank's high single-name concentrations, relatively weak capitalization, and high credit risks due to renewed rapid business expansion. These weaknesses are partly offset by TransCreditBank's strong business links to and support from Russian Railways (JSC) (RZD; BBB/Stable/--) and increasing operational support from JSC VTB Bank (VTB; BBB/Watch Neg/A-3). They are also offset by the bank's funding, which is less confidence-sensitive than that of its peers, its good core revenue generation, and its...

Companies mentioned in this report are:
- TransCreditBank
- VTB Bank JSC
- Russian Railways JSC
- Transcredit Finance PLC
- Freight One (JSC)
- RZD Capital PLC

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial READ MORE >

- TransCreditBank
- VTB Bank JSC
- Russian Railways JSC
- Transcredit Finance PLC
- Freight One (JSC)
- RZD Capital PLC

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