S&P Global Ratings on Feb. 28 upgraded Russia-based VEB-Leasing JSC's
The upgrade follows a similar action on the ratings of VEB-Leasing's parent, Vnesheconombank, on the back of S&P's upgrade of Russia. The stable outlook mirrors that on Vnesheconombank.
The agency said it continues to view VEB-Leasing as a core subsidiary of Vnesheconombank, and that it expects the unit to receive ongoing and extraordinary support from the parent in the form of capital and liquidity.
S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.
