Russian Rosbank Upgraded To 'BBB-/A-3', Outlook Stable; Ratings Subsequently Withdrawn At Issuer's Request Mar 12

Standard & Poors, March 2012

Abstract
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
Action: Upgraded
Action: Withdrawn

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Research type: News
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Rosbank OJSC JSCB

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