On November 10, 2008 international rating agency Standard & Poor’s affirmed European Trust Bank’s ratings — long-term and short-term counterparty credit ratings — at ССС+/С, and also the lender’s national scale rating at ruBВ. After this the ratings were withdrawn at the request of the bank.
Eurotrust will no longer be tracked by Standard & Poor’s, the rating agency’s credit analyst Maria Malyukova noted.
At the time of the rating withdrawal the bank had no S&P-rated senior unsecured debt.
