Short-term rating of the Bank is affirmed at level “B”. The viability rating also lowered to ‘B -‘ from ‘B’. Ratings placed in a list on revision with the negative forecast.
MOSCOW, 19 Oct. International rating Agency Fitch downgraded the credit rating of the Issuer default ratings (IDR) of the Bank “URALSIB” in foreign currency to “b-” from “b”, is spoken in the message of Agency.
Short-term rating of the Bank is affirmed at level “B”. The viability rating also lowered to ‘B -‘ from ‘B’. Ratings placed in a list on revision with the negative forecast.
At the same time, Fitch downgraded the IDR of its subsidiary company “URALSIB Leasing company” to “RD”.
The downgrade is due to a weakening of the Bank’s capital, asset quality and profitability. According to Fitch, the Bank has become more difficult to improve the performance and capitalization due to the weak operating environment.
According to RIA Rating, URALSIB was in 24th place among the largest Russian banks in terms of assets on July 1, 2015, with indicator 374,8 billion.
