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Regarding Standard and Poor’s Rating

 
9 November 2011

Standard & Poor's Ratings Services today affirmed its 'BBB' long-term counterparty credit rating on VTB Bank. The outlook on the rating is stable. At the same time S&P raised its assessment of VTB’s stand-alone credit profile to 'bb' from 'bb-'. Herbert Moos, VTB Deputy President and Chairman of the Management Board, said: ‘We are glad that S&P has recognised our efforts to successfully integrate the Group’s newly acquired businesses while increasing VTB’s capitalisation and credit quality in the best interest of its shareholders.’



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