S&P Assigned B/B and ruA- Credit Ratings to Tatfondbank
OREANDA-NEWS. April 04, 2014. Standard & Poor’s international rating agency assigned its ‘B/B’ long- and short-term counterparty credit ratings to Tatfondbank. It also assigned to the Bank its ‘ruA-‘ Russia national scale rating. The outlook on the ratings is stable.
The agency notes that the Republic of Tatarstan-based Tatfondbank has strong links to its sharehold-ers, including the Government of the Republic of Tatarstan, and a material market share in the region of its operating activities, which supports the development of its business and reduces the confidence sensitivity of its funding. These factors are the Tatfondbank’s strengths compared with its peers at the same rating level.
The stable outlook on Tatfondbank reflects the view of the credit rating service of Standard & Poor’s that Tatfondbank will maintain its sound market position in Tatarstan and will gradually improve its op-erating performance
For reference, the Bank currently has an international credit rating from Moody’s Investors Service and domestic ratings from Expert RA, АК&M, and National Rating Agency (NRA). For more information on the ratings, see ‘Ratings” in the ‘About Us” section.