International rating agency Fitch has affirmed its long-term issuer default rating (IDR) on Uraltransbank at B-, a stable outlook. The lender’s short-term issuer default rating was affirmed at B, the viability rating at b-, the support rating at 5 and the long-term IDR support rating was affirmed at No Floor, the national scale long-term rating at BB-(rus), a stable outlook.
As Fitch noted in a press release, Uraltransbank’s ratings reflect its modest asset quality (above all quite a large portion of restructured loans with the insufficient coverage ratio), its narrow client base and moderate capitalization. At the same time, the ratings take into account the bank’s adequate profitability indicators before reserves and the comfortable liquidity position.
