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Bulletin: Ratings On Russia's Bank VTB And Core Subs Unchanged After Sovereign Outlook Taken To Positive Mar 08
Standard & Poors, March 2008
Abstract
PARIS (Standard & Poor's) March 11, 2008--Standard & Poor's Ratings Services said today that its ratings on Russia-based Bank VTB and its core subsidiaries Bank VTB 24 and VTB-Leasing (all three rated BBB+/Stable/A-2) remain unchanged after today's revision of the outlook on The Russian Federation to positive from stable (see 'Russia Ratings Outlook Revised To Positive Due To Continuous Growth In External Buffers,' published March 11, 2007, on RatingsDirect). In accordance with our government-related entities (GRE) rating approach (see 'Rating Government-Related Entities: A Primer,' published June 14, 2006, on RatingsDirect), we classify Bank VTB as a commercial institution--not a policy institution. The ratings on Bank VTB are based on our bottom-up methodology whereby we assess the bank's stand-alone credit quality...
Companies mentioned in this report are: JSC VTB Bank,Bank VTB 24,VTB-Leasing
Action: Bulletin
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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