Bank VTB PAO (VTBR.MM) Key Developments |
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Analyst Research

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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Thomson Reuters StreetEvents
Provider : Thomson Reuters StreetEvents

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S&P affirms VTB Bank OAO, AKB Bank Moskvy OAO ratings

Friday, 8 Aug 2014 07:21am EDT 

VTB Bank OAO:Standard & Poor's Ratings Services (S&P) says that it had affirmed its BBB- long-term and A-3 short-term counterparty credit ratings on Russia's VTB Bank.The outlook is negative.S&P also affirmed ruAAA Russia national scale rating on VTB Bank.At the same time, S&P affirmed ratings and maintained outlooks on VTB Bank's core subsidiaries, including AKB Bank Moskvy OAO (BBB-/Negative/A-3; ruAAA).In S&P opinion VTB Bank has sufficient liquidity to meet its 2014-2015 wholesale debt service obligations and S&P views the bank as having ample cash, diversified funding sources, and limited reliance on the U.S. and EU capital markets.The negative outlooks mirror that on Russia and reflect the increasing challenges VTB Bank faces as a result of the difficult operating environment, notably its funding profile and capitalization. 

Company Quote

-7.0E-4 -1.02%
11:49am EDT