On June 3, 2019, Fitch Ratings has revised the Outlooks on Sovcombank’s Long-Term Issuer Default Ratings (IDRs) of "BB" to Positive from Stable, affirming them. The revision of SCB’s Outlook to Positive reflects Fitch rating agency's expectation that the rating could be upgraded within next 12-18 months, if the Bank continues to broaden its franchise, while maintaining strong financial metrics.
On January 24, 2019, the international rating agency S&P Global Ratings revised its outlook on Sovcombank to positive from stable. The "BB" long-term and "B" short-term issuer credit ratings were confirmed. The decision of the agency was made taking into account the merger of Sovcombank and Rosebank and Sovcombank's potential consideration as a systemically important bank.
On March 23, 2018, the international rating agency Moody's confirmed the long-term and short-term deposit ratings of Sovcombank in connection with the forthcoming bank deal with Rosevrobank, which was announced on March 13. Agency analysts positively evaluated the deal, stressing that the business models of banks complement each other well. Sovcombank's assets will increase by 30% at the expense of Rosevrobank corporate loans. The funding structure of Sovcombank will be more balanced between retail and corporate deposits, with less dependence on interbank lending.
On August 9, 2019 The Analytical Credit Rating Agency (ACRA) upgraded the credit rating of Sovcombank to "A+(RU)" with a "stable" outlook due to a change in the market risk assessment, which led to an upgrade in the Bank’s SCA to "a". The Bank’s systemic importance for the Russian banking system is reflected in one additional notch up to its SCA.
On May 24, 2019, RAEX Rating Agency (Expert RA) confirmed Sovcombank's credit rating at the level of "ruА" with a "stable" outlook. The rating is positively influenced by moderately high probability of financial and administrative support from the Federal authorities in case of emergency due to the scale of business and the structure of deposits of the Bank.