ACRA affirms AAA(RU) to AO UniCredit Bank, outlook "Stable"
On June 17, 2020, Analytical Credit Rating Agency (ACRA) affirmed AO UniCredit Bank the credit rating of AAA (RU), the highest level of creditworthiness on the national scale, the outlook is "Stable".
The credit rating of UniCredit Bank is determined by the following factors: the Bank’s systemic importance for the Russian financial sector, strong business profile, the significant loss absorption buffer, the adequate risk profile assessment, adequate liquidity and funding position and a high likelihood of receiving, if necessary, support from the Supporting Organization.
Mikhail Alekseev, Chairman of the Management Board of UniCredit Bank, commented: “High reliability of the Bank is one of its important advantages for our customers and partners. Sustainable business model, highly professional risk management and comprehensive support from UniCredit Group ensure UniCredit Bank receives investment-grade ratings from leading rating agencies”.
Press Release ACRA is available at the following link.