News and Press Releases

5 October 2010

Standard & Poor’s Revises Its Outlook on Rating of OJSC VTB Leasing to “Stable”

Standard & Poor's, an international ratings agency (, revised its outlook from “negative” to “stable” for ratings of JSC Bank VTB and its subsidiaries – VTB 24 (ZAO) and OJSC VTB Leasing (VTBL) and for OJSC VTB Leasing Finance (a subsidiary of VTB Leasing).

At the same time Standard & Poor's confirmed its long-term and short-term counterparty credit ratings at the level of "BBB/A-3" and national scale ratings at "ruAAA" level for Bank VTB, VTB 24 and VTBL (as well as long-term counterparty credit rating for VTBLF at the level of "BBB").

Due to the fact that Standard & Poor's classifies VTB 24 and VTB Leasing (companies fully owned by Bank VTB) as “core” subsidiaries, their ratings are set equal to that of Bank VTB.

The stable outlook mirrors the outlook for the sovereign rating of Russian Federation and reflects gradual normalization of operating environment, supporting asset quality, capitalization, liquidity, and profit generation.

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