Fitch has affirmed PJSC Rosbank's credit ratings at 'BBB' with a Stable Outlook

    25 November

International rating agency Fitch has affirmed PJSC Rosbank's credit ratings at 'BBB' with a Stable Outlook, which is the highest possible for Russian market. Long-Term Issuer Default Ratings (IDRs) remained at 'BBB', while Short-Term IDR was kept on ‘F2’ level. Bank's Viability Rating (VR) stayed at the same level of 'bbb-'.

Rosbank credit rating reflects high probability of support from the parent institution - Societe Generale S.A. (SG; A-/Stable), the high level of operational and management integration between the bank and the parent, the continued strategic importance of the Russian market for the parent entity. According to Fitch Rating Agency, Rosbank holds strong liquidity position, conservative risk profile, robust asset quality, strong management quality, stable and diversified corporate customer base.

Complete text of the press release can be found by the following link.

Rosbank holds the highest credit ratings of Russian Credit Rating Agencies ACRA and RAEX (Expert RA) at the “AAA (RU)” and ruAAA level accordingly with the stable outlook and international Credit Rating Agency Moody’s with Baa3 (banks deposits) with stable outlook.

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