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Sunday, March 29, 2020

Rosbank rated at BBB- by Fitch Ratings

Rosbank announced Friday it has been ranked at a BBB- by international credit rating agency Fitch Ratings with a negative outlook overall, along with varied ratings in other areas.

Its national long-term rating was at AAA and considered stable. The short-term foreign currency issuer default rating was at an F3, however, which indicates the bank is able to adequately meet financial requirements and obligations assuming adverse conditions do not interfere. The agency gave these ratings due to the potential of support from the bank's shareholders.

In resilience, Rosbank received a BB, which according to the bank reflects the low-risk nature of its investment portfolio and a strong base of capitalization. Fitch calculated the bank's core capital ratio to be at 15 percent. According to Rosbank, these ratings indicate it remains a strong, stable lender despite turbulent macroeconomic conditions or potential sovereign downgrades.

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RosBank - Russia

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