OREANDA-NEWS. November 1, 2011. RusRating has revised Bank VTB24’s credit rating from “A+” to “A”, which corresponds to the Russian Federation’s sovereign debt rating on the agency’s international scale. The rating outlook is stable. This adjustment reflects VTB24’s status as a state-owned bank.

The Bank’s rating is based on the unquestioned backing of a financially-solid owner (state-owned VTB); an established market presence in retail; a solid client base; and a favourable reputation on the domestic and international markets. Systemic risks are the main constraining factor.

VTB 24 is a major retail bank wholly owned by state-controlled VTB and serves as the VTB group’s retail and small-business specialist. The Bank has an extensive service network and is a leader in virtually all segments of the retail market, including deposits and mortgages.