Fitch ratings has revised the outlooks of long-term ratings change of the issuer's defect on Rosbank, Rusfinance Bank, Deltacredit to positiv

    05 October

On September 28-th 2017 Fitch Ratings has affirmed Rosbank, Rusfinance, DeltaCredit Long-term Issuer Default Rating (IDR) assessing the ability of the issuer to timely fulfill its debt obligations at the level of 'BBB-' and revised the Outlooks to Positive from Stable. Short-term foreign currency IDR is affirmed at 'F3'. At the same time the agency has affirmed the banks' viability rating (VR) at 'bb+'. Support Rating is affirmed at '2'.

The revised Outlook reflects the increased probability of an upgrade of Russia's Country Ceiling following the change in the sovereign Outlook.

The affirmation of the Rosbank, Rusfinance, DeltaCredit National Rating reflects Fitch's view that banks are among the strongest credits in Russia. The banks' IDR and Support Rating are underpinned by potential support the bank may receive from its shareholders.

Banks' 'bb+' VR reflects their stable asset quality, healthy funding profile, reasonable liquidity and capital, and conservative management and risk appetite.

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Rosbank is included in the TOP-3 of the most reliable banks, according to the Forbes magazine (March, 2017). The Bank of Russia included Rosbank in the list of 11 systemically important banks (SIBs).

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