VTB rated by ACRA
ACRA, a credit rating agency, has assigned to VTB an ААА(RU) rating, the highest possible national score.
The Agency noted that VTB’s credit rating results from its solid business profile, satisfactory capital adequacy ratios and risk profile indicators, as well as an adequate funding and liquidity standing. The assigned rating reflects VTB Bank’s very high systemic importance.
Member of VTB Bank Management Board Dmitry Pianov said:
“VTB is interested in the evolution of a strong national rating industry in Russia so that national ratings become widely used in business practices as well as for regulatory purposes. It is for this reason that we decided to expand our rating portfolio by adding ACRA’s rating to the VTB’s existing international and national ratings.
VTB’s relations with ACRA have not always been smooth, and we are satisfied with the fact that its current management team has been able to establish an effective, highly professional and independent rating practice that fully deserves the excellent reputation and credit it enjoys on the market.
Today, all VTB’s credit ratings are on par with sovereign credit ratings, the highest possible result, which underscores the Bank’s high credit worthiness and reliability. We hope that VTB’s rating from ACRA, will further strengthen trust toward VTB among our clients and partners, and look forward to lasting and fruitful cooperation with ACRA.”
VTB currently holds the following credit ratings:
Senior Unsecured in Local and Foreign Currencies (Moody’s Investors Service): Baa3 (stable)
Long-term Issuer Credit Rating in Local and Foreign Currencies (S&P Global Ratings): BBB- (stable)
Long-term bank creditworthiness rating on Russian national scale (RAEX): ruAAА (stable)
Credit rating on Russian national scale (ACRA): AAA(RU) (stable)