Bank Ratings Upgraded YuniKredit

Bank Ratings Upgraded YuniKredit

Newsroom Standard & Poor's upgraded the long-term credit rating of JSC "YuniKredit Bank" to "BBB" to "BBB". Short-term rating affirmed at 'A-2 ". Outlook on ratings - "Stable".

The material from the agency indicated that the increased ratings due to progress in business development and maintaining high financial performance of the bank.
Ratings hamper the high transaction risks and generally heightened volatility of financial markets within the Russian Federation, fairly aggressive growth strategy and remains a large concentration of the resource base.