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Research Update: Russian Bank LLC CB Koltso Urala Affirmed At 'B-/C' And 'ruBBB-' On Bank Criteria Change; Outlook Negative Dec 11 Product Image

Research Update: Russian Bank LLC CB Koltso Urala Affirmed At 'B-/C' And 'ruBBB-' On Bank Criteria Change; Outlook Negative Dec 11

  • ID: 2032873
  • December 2011
  • Region: Russia
  • Standard & Poors

Abstract
Following a review of Russia-based LLC CB Koltso Urala under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'B-/C' counterparty credit ratings and Russia national scale 'ruBBB-' rating on the bank. The outlook is negative. Our ratings on Koltso Urala reflect the bank's 'bb' anchor for a commercial bank operating only in Russia, as well as its moderate business position, weak capital and earnings, weak risk position, average funding, and adequate liquidity. The negative outlook reflects our opinion that the bank's expected continued aggressive growth strategy makes it vulnerable to a tightening of sector liquidity and could put pressure on its asset quality and already weak capitalization. As we previously announced, on Dec....

Companies mentioned in this report are: LLC CB Koltso Urala
Action: Affirmed

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.

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LLC CB Koltso Urala

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