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VTB-Leasing Aug 10

  • ID: 1858409
  • August 2010
  • Standard & Poors

FEATURED COMPANIES

  • Bank VTB 24
  • GLOBEXBANK
  • RusNano
  • Russian Federation
  • SME Bank
  • Vnesheconombank
  • MORE

Abstract
Benefits from being a core subsidiary of the second largest bank in Russia, JSC VTB Bank. Funding and capital support from the owner. Strong market position and name recognition in the leasing business. High systemic risks, highlighted by the recent economic downturn. Increased credit risks that are putting pressure on profitability and capitalization. High single-name and industry leasing concentrations. The ratings on Russia-based VTB-Leasing (VTB-L) reflect the benefits that it derives from being a core subsidiary of JSC VTB Bank (VTB; BBB/Negative/A-3), which includes Standard & Poor's Ratings Services' view of a strong likelihood of extraordinary support from VTB if required, as well as ongoing funding, capital injections, and business flows. The ratings also reflect VTB-L's strong market position and...

Companies mentioned in this report are:
- VTB-Leasing
- Russian Federation
- VTB Bank JSC
- VTB Capital S.A.
- SME Bank
- Vnesheconombank
- Bank VTB 24
- GLOBEXBANK
- VTB-24 Capital PLC
- VTB-Leasing Finance
- Agency for Housing Mortgage Lending OJSC
- RusNano

Action: Review

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: Full Analysis

Note: Product cover images may vary from those shown

- VTB-Leasing
- Russian Federation
- VTB Bank JSC
- VTB Capital S.A.
- SME Bank
- Vnesheconombank
- Bank VTB 24
- GLOBEXBANK
- VTB-24 Capital PLC
- VTB-Leasing Finance
- Agency for Housing Mortgage Lending OJSC
- RusNano

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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