S P agency improved the rating outlook to positive VEB
Rating agency S P Global Ratings improved the outlook for Vnesheconombank previously been conferred upon “developing” rating is now changed it to “positive”.
VEB’s credit ratings remained unchanged «BB + / B» for foreign currency and «BBB- / A-3 ‘for the national currency. Economists noted EBV was forecast on ratings, comparable to nationwide indicators. This is a reflection of the progress of the Russian government to change the structure of the conducting of business model.
Agency S P noted that in recent years has shifted to the VEB, the company now prefers to abandon major projects that are not profitable. In addition, the Russian authorities have confirmed their readiness to continue to support the structure to maintain the stock of capital and helping to maintain debt. As for Vnesheconombank’s own credit standing, it has been revised «ccc +» to «b-». Earlier Pronedra wrote that VEB could get a bank status.
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