S&P Global Ratings on Aug. 27 affirmed the B/B long- and short-term issuer credit ratings of CentroCredit JSCB (JSC) and revised the outlook on the long-term ratings to stable from negative.
The agency said the outlook revision reflects its expectation that the Russian lender will likely maintain its material capital buffer and strong capital adequacy metrics within the next 12 to 18 months, on the back of the modest growth of its loan and securities portfolio and a lack of significant revaluation losses in its securities book.
However, S&P Global Ratings noted that the bank's earnings and capital continue to be highly sensitive to the dynamics of the financial markets.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.
