Ratings

ACRA

On April 13, 2022 The Analytical Credit Rating Agency (ACRA) affirmed the credit rating of Sovcombank at "AA-(RU)" with the status "Rating under revison: developing". The affirmation of the credit rating of Sovcombank reflects ACRA’s opinion on the credit institution’s ability to fulfil its obligations in the current conditions and takes into account the current specifics of regulation of the activities of Russian banks. Sovcombank’s credit rating is based on its strong capital position, as well as adequate assessments of its business profile, risk profile, funding, and liquidity. The "Rating under revision" status has been assigned due to Bank’s announcement of the suspension of coupon payments for Eurbond issues, but ACRA notes, that the suspension is the result of technical issues and is not determined by the Bank’s creditworthiness.

Category
RatingDateForecast
Credit rating
AA-13.04.2022Developing
Standalone creditworthiness assessment
A13.04.2022
Systemic importance
+213.04.2022

Expert RA

On July 14, 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 quality of corporate governance, comfortable liquidity cushion and adequate asset quality. The probability of the bank's support from the federal authorities is assessed by the agency as very high due to the status of a systemically important financial institution. The high assessment of the level of corporate governance is due to the bank's successful achievement of most strategic targets in 2021, in connection with maintaining adequate asset quality and business efficiency during the coronavirus pandemic.

Category
RatingDateForecast
Credit rating
ruAA14.07.2022Stable

NCR

On April 29, 2022, the National Credit Ratings agency ("NCR") affirmed the credit rating of Sovcombank PJSC at "AA -" and changed its outlook to "Undefined". An "Undefined" outlook means that it is currently not possible to assess the future changes of the credit rating due to the proximity of the probabilities of various scenarios. According to analysts, the Bank maintains strong market positions and high business diversification with adequate capital buffers and moderate risk appetite.

Category
RatingDateForecast
Credit rating
AA-29.04.2022Undefined
Baseline creditworthiness assessment
A29.04.2022
Extraordinary support
+229.04.2022

Fitch Ratings

Credit ratings withdrawn on March 4, 2022

Category
RatingDateForecast
Credit rating
NR04.03.2022

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