trending Market Intelligence /marketintelligence/en/news-insights/trending/1YM9OANkW6K8kloWXmPOOg2 content esgSubNav
In This List

Fitch assigns short-term issuer default rating to Interstate Bank

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Fitch assigns short-term issuer default rating to Interstate Bank

Fitch Ratings on Dec. 18 assigned Moscow-based Interstate Bank a short-term issuer default rating of B.

At the same time, the agency affirmed the bank's BB long-term issuer default rating, with a positive outlook.

The assignment of the short-term rating is in line with the agency's correspondence table from the long-term rating scale to the short-term rating scale.

The ratings take into account those of the bank's key shareholder, Russia, and reflects the agency's assessment of the sovereign's propensity to provide support to the lender in case of need.

The positive outlook reflects that on Russia's long-term issuer default rating.