Standard & Poor's: Russia-Based Vneshprombank Downgraded To 'R/R' On Regulatory Intervention
December 21, 2015
Standard & Poor's Ratings Services said today that it had lowered its long- and short-term counterparty credit ratings on Russia-based Foreign Economic Industrial Bank (Vneshprombank) to 'R/R' from 'B+/B'. We also lowered our Russia national scale rating to 'R' from 'ruA'.
At the same time, we lowered the ratings on the bank's senior unsecured debt to 'CC' from 'B+', and placed them on CreditWatch with negative implications.
Company — Vneshprombank
Full nameForeign Economic Industrial Bank