Rating agency India Ratings & Research (a member of Fitch Ratings Group) confirmed the highest credit rating (IND A1+) for the RUP 1 bln certificate of deposit programme of Sberbank’s branch in India (Sberbank India).
According to India Ratings & Research, the rating was confirmed due to the highly steady financial standing of Sberbank and confidence in the provision of full support of its Indian branch. Sberbank India executes the policy of liquidity and risk management of its parent company in Russia, says India Ratings & Research. The agency’s experts expect Sberbank India’s rating to correlate with Sberbank’s rating.
Sberbank India only performs operations using its own funds, while as its assets grow, the branch may consider issuing deposit certificates in the future.
Author: Anna Dorozhkina