On January 26, 2022, S&P Global Ratings confirmed the credit ratings of issuers and debt issues of 14 Russian banks and related organizations

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AK&M 26 January 2022 19:30

On January 26, 2022, S&P Global Ratings confirmed the credit ratings of issuers and debt issues of 14 Russian banks and related organizations, as well as their rated securities issues, following the update of the criteria for assigning ratings to banks and non-bank financial organizations and assessing country and industry risks of the banking sector (Banking Industry Country Risk Assessment - BICRA). Forecasts for the ratings of these organizations remained unchanged. This is stated in the agency's message.

The ratings of the following organizations have been confirmed:ALFA-BANK JSC (BBB-/Stable/A-3) and the holding company ABH Financial Ltd. (ABHF) (BB+/Stable/C); CB "Renaissance Credit" (LLC) (In+/Positive/C); JSC JSCB "CentroCredit" (B+/Stable/C); PJSC "CREDIT BANK OF MOSCOW" (BB/Stable/C) and the holding company LLC Concern ROSSIUM (B+/Stable/C); Gazprombank (Joint Stock Company) (BBB-/Stable/A-3) and its subsidiary banks, Gazprombank (Switzerland) Ltd. (BBB-/stable/A-3) and Bank GPB International S.A. (BBB-/Stable/A-3); Bank SOYUZ (JSC) (BB-/Stable/C); PJSC Promsvyazbank (BB/Positive/C); JSC "RN Bank" BB+/Stable/C); Raiffeisenbank JSC (BBB-/Stable/A-3); Russian Standard Bank JSC (B/Positive/C); Sovcombank PJSC (BB/Positive/C); JSC UniCredit Bank (BBB-/Stable/A-3); PJSC Ural Bank for Reconstruction and Development (B/Stable/C); VTB Bank (PJSC) (BBB-/Stable/A-3) and its subsidiary VTB Capital PLC (BB+/Stable/In).