Fitch Rates Russian Standard Bank 'BB'
OREANDA-NEWS. Fitch Ratings has today assigned Russian Standard Bank ("RSB") ratings of Long-term Issuer Default 'BB' with a Stable Outlook, Short-term Issuer Default 'B', Support '5' and Individual 'C/D'.
The ratings acknowledge the risks stemming from RSB's rapid loan growth and heavy reliance on capital markets in funding.
The ratings also take into account RSB's leading position in the Russian consumer finance sector, robust profitability to date, sound strategy of continued product diversification, ongoing regional expansion in Russia and recently in Ukraine, and limited market risks.
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