Fitch affirmed Rosbank’s ratings with stable outlookOn October 21st, 2016 Fitch Ratings has affirmed Rosbank’s Long-term Issuer Default Rating (IDR) at the level of 'BBB-' with stable outlook changed from the negative one. Short-term foreign currency IDR is affirmed at 'F3', National Long-term rating is affirmed at 'AAA(rus)'; outlook stable. At the same time the agency has affirmed the bank’s viability rating (VR) at 'bb+'. Support Rating is affirmed at '2'.
The rating actions follow the revision of the Outlook on Russia's sovereign rating. The affirmation of the Rosbank’s National Rating reflects Fitch's view that Rosbank remains among the strongest credits in Russia. The bank’s IDR and Support Rating are underpinned by potential support the bank may receive from its shareholders. Rosbank's 'bb+' VR reflects its generally low-risk corporate loan book, the healthy capital position and liquidity cushion, and conservative growth plans and management.
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