Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Fitch Will Not Lower the Ratings Of Russian Banks
February 14, 2016 16:41


(Source: http://eveningkiev.com/article/26665)

Fitch international rating agency does not intend to lower the ratings of Russian banks after the introduction of the bail-in mechanism - the salvation of banks with the use of the creditors’ funds. This is reported by Rambler News Service.

This measure reduces the possibility of providing state support to troubled banks, however, the Agency considers it to be right. “We believe that the movement towards bail-in demonstrates the willingness of the government to stop using public money on support of banks with poor management quality. It should also standardize the procedure for resolving situations with troubled banks” - Fitch analysts note in their review of the Russian banking sector.

As the experts point out, the ratings of Russian private banks often range between BB + and B- and are due to their self-solvency. The rankings of the largest state-owned banks - Rosselkhozbank and Gazprombank - take into account the factor of state support, but their decline due to the introduction of the bail-in mechanism is also doubtful.

“Legislation of the bail-in will not necessarily lead to the decrease of the ratings of these issuers. We believe that, perhaps, given the factor of ownership, the role of banks in the policies implemented (Rosselkhozbank) and the strong corporate shareholder (Gazprombank), they can still be given support if necessary” – Fitch analysts emphasize.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Fitch Russian banks    

Next Previous

You might also find interesting:

Red Route Project For People From China Russian Hacker Wanted Rosneft Delivered Gasoline to APR Moscow-Kazan Highway Got New Funding 30 Richest People in Russia









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Pristine Russia  Vologda  TV  Russian Cinema  Comics  education  Viktor Vekselberg  Kolomenskoye  Russian tourism  Elections 2012  Darwin Museum  Festivals in Moscow  St. Petersburg  US  Sverdlovsk Region  Norman Format  Russian sanctions   Alexey Navalny  Russian regions  Novosibirsk  Tele2 Russia  Museum Night  Transportation  Solzhenitsyn  Mark Freidkin  Moscow  Blur  travel to Russia  Tatyana Limanova  Far East  Russian social networks  Mercedes-Benz Fashion Week Russia  Festivals  Mosow Theatres  Painting  VKontakte  Russian oil and gas industry   human rights in Russia  Johnny Hallyday  Apple  Security Council  Art Exhibitions  Diving  Exhibitions in Moscow  Ivan Puni  Russian Orthodox Church  Russian business  Donetsk  Russian sportwomen  Perm 


Travel Blogs
Top Traveling Sites