S&P Assigned Ratings to Russia-Based BNP PARIBAS
OREANDA-NEWS. September 14, 2009. BNP PARIBAS is pleased to announce that on September 8th, 2009 Standard & Poor's assigned to its Russian subsidiary ‘"BNP PARIBAS" ZAO BBB-/A-3 and ruAAA ratings, with negative outlook, reported the press-centre of BNP PARIBAS.
BNP Paribas enjoys a leading position on the Russian market, having been recognised in 2008 by Dealogic as #1 Bookrunner and #1 MLA for Media Telecom Financing by volume, #3 Bookrunner and #3 MLA for Energy and Commodities Structured Debt, #6 Advisor for competed M&A deals by deal value, #6 for Net Global Investment Bank revenue, and #1 for the number of Eurobond issuances for Russian Corporate in the first half of 2009.
CIB has a local set up in Russia since 1974 through a Representative Office and since July 2002 with "BNP PARIBAS" ZAO enjoying a banking licence. The local bank activity emcompass:
- financing to Russian corporate
- foreign exchange and, hedging of currency or interest rate risk,
- advisory for Merger and Acquisition
- issuing of Letters of Credit or guarantees
- payment and cash management.
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