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Fitch affirms ratings of Sberbank European units, outlook positive

MOSCOW, Sep 4 (PRIME) -- International rating agency Fitch has affirmed the long-term issuer default ratings (IDRs) of two Europe-based subsidiaries of RussiaТs top lender Sberbank -- Sberbank Switzerland and Sberbank Europe -- at BBB- and BB+, respectively, with positive outlooks, the agency said in a statement on Tuesday.

УThe banks' IDRsЕ reflect Fitch's view that they are likely to be supported by their ultimate parent, Sberbank of Russia, in case of needЕ and are also underpinned by potential state support from Russia,Ф the agency said.

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04.09.2018 13:05
 
 
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