Fitch affirms ICD, banks “Zenith” and “Saint-Petersburg”

Fitch affirms ICD, banks “Zenith” and “Saint-Petersburg”


Fitch also raised the rating Outlook of the Bank “St.-Petersburg” to stable from negative. Predictions for ICD and Zenit remain negative.

MOSCOW, 19 Oct. International rating Agency Fitch has affirmed long-term Issuer default rating (IDR) of credit Bank of Moscow (MKB) at ‘BB’, banks “Zenith” and “St. Petersburg” on the level “BB-“, the Agency said on Monday.

Fitch also raised the rating Outlook of the Bank “St.-Petersburg” to stable from negative. Predictions for ICD and Zenit remain negative.

Higher rankings ICD in relation to banks “Zenith” and “Saint-Petersburg” due to better asset quality and profitability. The higher Outlook on the Bank “Saint-Petersburg” reflects the increase in asset quality and profitability.

According to RIA Rating, on July 1, ICD has occupied 14-e a place among Russian banks by assets, Bank “St.-Petersburg” — 17-th place, Bank “Zenit” — 34th place.