Credit ratings

Credit ratings are professional opinions about an entity`s creditworthiness with respect to its current or future obligations. VTB Bank (PJSC) is rated by the following ratings agencies: Moody`s (since 1997), S&P Global (since 2004) and RAEX (since 2017). Below you can see an overview of the Bank`s current ratings.

Moody`s Investors Service

Senior Unsecured in Foreign Currency Ba1 Positive 29 January 2018
Senior Unsecured in Domestic Currency Ba1 Positive 29 January 2018
Long-term Bank Deposits in Foreign Currency Ba2 Stable 29 January 2018
Long-term Bank Deposits in Domestic Currency Ba1 Positive 29 January 2018
Long-term Counterparty Risk Rating in Foreign Currency Ba1 - 26 June 2018
Long-term Counterparty Risk Rating in Domestic Currency Ba1 - 26 June 2018
Short-term Counterparty Risk Rating in Foreign Currency NP - 26 June 2018
Short-term Counterparty Risk Rating in Domestic Currency NP - 26 June 2018
Senior Unsecured MTN in Foreign Currency (P)Ba1 - 29 January 2018
Short-term Bank Deposits in Foreign Currency NP - 29 January 2018
Short-term Bank Deposits in Domestic Currency NP - 29 January 2018
Other Short-term in Foreign Currency (P)NP - 29 January 2018
Subordinate in Foreign Currency Ba3 - 29 January 2018
Subordinate MTN in Foreign Currency (P)Ba3 - 29 January 2018

Actual information on Moody’s ratings and methodology is available on www.moodys.com

S&P Global Ratings

Issuer Credit Rating Value Outlook
Foreign Currency Long-term BBB- Stable
Local Currency Long-term BBB- Stable
Foreign Currency Short-term A-3
Local Currency Short-term A-3

Date of the latest rating revision/affirmation – 6 March 2018

Actual information on S&P Global ratings and methodology is available on www.spglobal.com/ratings

RAEX

Issuer Credit Rating Value Outlook
Long-term bank creditworthiness rating on Russian national scale ruAAА Stable

Date of the latest rating revision/affirmation – 3 July 2018

Actual information on RAEX ratings and methodology is available on www.raexpert.ru