21.07.2021 RATING AGENCY S&P GLOBAL RATINGS RAISED THE CREDIT RATING OF ROSSIUM CONCERN TO B


21.07.2021

On July 20, 2021, the rating agency S&P Global Ratings raised the long- term Local and Foreign Currency Credit Ratings of the Rossium to B, with a “stable” outlook. The previous level was B- (outlook “stable”).

The Issuer Credit Rating of the Rossium’s key asset, the Credit Bank of Moscow, was also raised to BB with a “stable” outlook. Stand-alone credit profile (SACP) was raised by 1 notch to bb-, with the systemic importance support remaining at +1.

“The upgrade of the Rossium’s rating and its key asset, Credit Bank of Moscow, proves the effectiveness and efficiency of the development strategy in the current turbulent market environment. The traditional adherence to a fairly conservative policy, combined with a focus on business growth, expanding the range of financial products and internal synergy between businesses, allows us to achieve high results,” said Vyacheslav Sheloputov, General Director of the Rossium Concern.