S&P Global Ratings on Oct. 21 affirmed the B/B long- and short-term issuer credit ratings of Moscow-based National Standard Bank JSC and revised the outlook on the long-term rating to stable from negative.
The agency said the bank's operating performance and asset quality metrics have stabilized after they deteriorated between 2015 and 2016. It also noted "signs of sustainable improvements" in terms of the bank's diversity and granularity following its largely completed strategic transition.
The outlook reflects S&P Global Ratings' expectation that the bank's financial profile, particularly its loss-absorption capacity and asset quality, will likely remain stable in the next 12 to 18 months.
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