Research Update: Commercial Bank Renaissance Capital Ratings Affirmed At 'B/C' And 'ruBBB+' On Bank Criteria Change; Outlook Stable Dec 11
- Language: English
- Published: December 2011
In our opinion, Russia-based CB Intercommerz Ltd. has a weak business position, moderate capital and earnings, a weak risk position, average funding, and adequate liquidity. We are assigning our 'B-' long-term and 'C' short-term counterparty credit ratings and 'ruBBB-' Russia national scale rating to CB Intercommerz Ltd. The stable outlook reflects our expectation that the bank will continue strengthening its franchise, while keeping capitalization and asset quality metrics at current levels. We expect that its funding and liquidity profile will remain broadly unchanged. On March 7, 2012, Standard & Poor's Ratings Services assigned its 'B-' long-term and 'C' short-term counterparty credit ratings to Russia-based CB Intercommerz Ltd. (Intercommerz). The outlook is stable. At the same time, we assigned our 'ruBBB-'...
Companies mentioned in this report are: CB Intercommerz Ltd.
Action: New Rating
Action: Outlook: Stable
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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CB Intercommerz Ltd.