LONDON/MOSCOW - Thomas Murray, the specialist custody rating, risk management and research firm has awarded Vneshtorgbank (VTB) a public Russian domestic custody rating of:
VTB is rated A- with a stable outlook, which represents a strong product offering for MinFin bonds. MinFin bonds are obligations of the Government of the Russian Federation, denominated in US Dollars. VTB safekeeps 70 to 75% of this market.
VTB is rated as BBB, an adequate product offering with a stable outlook for all other domestic asset types, which include equities, corporate bonds, and Rouble denominated Regional and Central government debt obligations.