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

Rating class

Value

Outlook

Senior Unsecured in Foreign Currency

Ba1

Positive

Senior Unsecured in Domestic Currency

Ba1

Positive

Senior Unsecured MTN program in Foreign Currency

(P)Ba1

Long-term Bank Deposits in Foreign Currency

Ba2

Stable

Long-term Bank Deposits in Domestic Currency

Ba1

Positive

Short-term Bank Deposits in Foreign Currency

NP

Short-term Bank Deposits in Domestic Currency

NP

Other Short Term in Foreign Currency

(P)NP

Subordinate in Foreign Currency

Ba3

Subordinate MTN program in Foreign Currency

(P)Ba3

Date of the latest rating revision/affirmation – 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 – 12 July 2017

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