On March 22, 2017-S&P Global Ratings  affirmed its 'BB+/B' long- and short-term counterparty credit ratings on Russia-based AO UniCredit Bank (UniCredit Russia). The outlook remains stable.

The agency’s analysts noted that the affirmation reflects the bank's strong market position, sustainable  revenues, sound level and quality of capitalization with good earnings capacity over the cycle, and healthy risk-management system, which result in better asset quality than the system average.

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