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Russian Rosbank Upgraded To 'BBB-/A-3', Outlook Stable; Ratings Subsequently Withdrawn At Issuer's Request Mar 12
Standard & Poors, March 2012
We revised our assessment of Russia-based Rosbank's risk position to adequate from moderate. We raised our ratings on Rosbank to 'BBB-/A-3' from 'BB+/B' and to 'ruAAA' from 'ruAA+'. We affirmed Rosbank's group status as strategically important and the long-term rating on Rosbank is three notches higher than its stand-alone credit profile because of the likelihood of group support. Our ratings on Rosbank reflect its moderate business position, adequate capital and earnings, adequate risk position, average funding, and adequate liquidity. The stable outlook balances the challenges associated with the ongoing integration process against the maintenance of parental support. In our view, material changes in the bank's business and risk profile are unlikely in the near term. We subsequently withdrew all our...
Companies mentioned in this report are: Rosbank OJSC JSCB
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
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Rosbank OJSC JSCB