Fitch affirmed Rosbank ratings on a country level with a stable outlook

    13 December

Fitch Ratings, an international rating agency, affirmed a long-term issuer default rating (IDR) of Rosbank in a national and foreign currency  on a “BBB” level, a short-term issuer rating  in a foreign currency  is affirmed on the “F2” level, a long-term  senior unsecured bond rating is confirmed on a “BBB” level, a short-term senior unsecured bond rating is affirmed on a “F2” level.

IDR reflects the Fitch opinion about the potential support that the credit organization can receive from its stakeholders. The end owner of Rosbank is Societe Generale S.A. (“SG”,”A”/the outlook is “Stable”, SG owns 99,95% of Rosbank).

Follow the link to find the full text of a press release by Fitch.

Rosbank is also assigned the highest credit ratings of Russian rating agencies ACRA and RAEX (Expert RA) on the levels of AAA (RU) and ruAAA respectively, outlook is “Stable”, and by Moody’s agency on the Baa3 level (long-term deposit rating) with a stable outlook.