International rating agency Standard & Poor’s (S&P) has improved its outlook on BB+ long-term ratings of Russia’s second largest bank VTB Bank in national and foreign currencies to stable from negative, the agency said in a statement.
The agency’s move toward VTB ratings also covers VTB’s affiliates VTB Leasing, VTB Leasing Finance, VTB Capital, VTB Insurance, VTB’s units in Kazakhstan and Germany, and also Russian affiliates of international banking groups: BNP Paribas, UniCredit Bank, ICBC Bank, and Credit Suisse Securities (Moscow). (Prime/Business World Magazine)