International rating agency S&P has assigned to Rosevrobank long-term and short-term credit ratings of ВВ-/В and a national scale rating of ruAA-, the agency's press service reported.
This is driven by the bank's high corporate governance standards, its strong management team and the use of efficient risk management procedures.
Analysts set a stable outlook for the lending institution's rating as the bank would be able to keep its current creditworthiness indicators intact in the next 12—18 months in spite of deteriorating economic conditions and by delivering robust rates of return.
As of June 30, 2015 the bank's credit/deposit ratio and NSFR stood at 72% and 144%, respectively, or better than those of its peers. The agency, however, assesses the bank's funding profile as a neutral rating factor as clients' accounts prevail and alternative resources account for a relatively small portion of Rosevrobank's funding base, the agency noted.
Meanwhile, Rosevrobank's ratings can be upgraded if its capitalization indicators rise, with RAC staying steadily above 10% as a result of capital injections or profit capitalization.
