Ratings

Fitch Ratings

Credit ratings withdrawn on March 4, 2022

Category
RatingDateForecast
Credit rating
NR04.03.2022
AAA

S&P Ratings

Credit ratings withdrawn on February 28, 2022

Category
RatingDateForecast
Credit rating
NR28.02.2022

Moody's Ratings

Credit ratings withdrawn on February 28, 2022

Category
RatingDateForecast
Credit rating
NR28.02.2022

ACRA

On April 19, 2021 The Analytical Credit Rating Agency (ACRA) upgraded the credit rating of Sovcombank to "AA-(RU)" and changed the outlook to "Stable". The credit rating has been upgraded due to a change in the assessment of the Bank’s systemic importance as part of the financial system of the Russian Federation. In addition, the Agency expects the merger with PJSC "Orient Express Bank" to result in the total volume of Sovcombank’s liabilities approaching RUB 600 bln and the Bank strengthening its presence in a number of Russian regions. The Bank’s rating is based on strong capital position, and adequate assessment of the business profile, risk profile, funding and liquidity.

Category
RatingDateForecast
Credit rating
AA-19.04.2021Stable
Standalone creditworthiness assessment
A19.04.2021
Systemic importance
+219.04.2021

Expert RA

On February 9, 2022, Expert Rating Agency affirmed its credit rating on PJSC "Sovcombank" at "ruАA". The outlook assigned to the rating is "Stable". The rating reflects the bank’s strong market position, high governance quality, strong profitability metrics, comfortable liquidity cushion, adequate asset quality and adequate capitalization. The agency notes, that in 2021 the bank continued to implement its M&A strategy, which further increased the diversification of the banking group's business and strengthened its market positions.

Category
RatingDateForecast
Credit rating
ruAA09.02.2022Stable

NCR

On December 28, 2021, the National Credit Ratings agency ("NCR") affirmed the credit rating of Sovcombank PJSC at "AA -" and changed an outlook to "Positive". According to analysts, the Bank's strong market position is combined with increasing business diversification, and an adequate capital buffer is supported by consistently high profitability and low risk appetite. Sovcombank's business grew faster than the market in 2021 and this growth is partially explained by M&A activity. The Agency believes that this year's acquisitions will strengthen Sovcombank's retail portfolio, as well as insurance and factoring businesses.

Category
RatingDateForecast
Credit rating
AA-28.12.2021Positive
Baseline creditworthiness assessment
A28.12.2021
Extraordinary support
+228.12.2021